I'm a bit late but want to reach out to the community to see what might be my best bets to get my money back (file judgement, etc.).

One would need to be a serious sucker to value some Airbnb 5 star reviews and some sheds in the backyard at $200k+.Not necessarily. 

Review your contract and see if there is a simple way to terminate your relationship.

**************************After requesting a review and reversal of this twice, they landed us with a final blow of shutting our account down.

1. overestimate ARV2. underestimate repair costs3. trusting contractors4. doing anything DIY or without permits5. not counting holding costs, especially with hard moneyThose are five common ones.Hey Jonathan, thanks for reviewing the five most common mistakes beginner flippers make; very helpful information!

After about 2 weeks I took off the pet restriction because I read other reviews that highly encouraged it.

I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.

Thanks for the insight I'd review the contract or agreement and maybe consult an attorney about getting out of this.

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure

'Your best bet is to wholesale for now- you find a super good deal (how are the yellow letters coming?)