If you can't, I wouldn't do it.Debt increases risk AND reward.

Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed. 

If I use reward points for the flight/hotel/rental car, am I able to apply the value of those points to my taxes for the travel?

NJ is very intimidating at first but extremely rewarding if using right strategy. 

Introduction:In the constantly shifting sands of real estate investment, finding a niche that balances risk and reward is paramount.

As a reward for their faithful tenancy, increase them to $2700 and leave utilities in your name.

Yeah if you are doing this just to generate some extra income with 1-2 units, the work-to-reward ratio is just not there.

Sophisticated investors look at everything through a lens of risk vs. reward.

Everything is negotiable UNTIL you sign that legal document - even what and how you pay the person doing the work of marketing your property.Consider cost vs. reward before you think, "I don't want to pay a commission."

From solopreneur to CEO, the journey wasn't easy, but the reward is far sweeter – a company that brings not just my own dreams to life, but the dreams of those we empower.