Is this realistic in today's interest rate environment?

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. 

Another is turn key buy n hold investors are re-entering the flipping environment.

You already have done it before, and will be more experienced in finding another home to add to your stack.The current interest rate environment sucks for BRRR'ing.

This will force some out that would have been purchased under the previous system.In the end, I don't see this as a major problem but I suspect it will cause more friction and decrease the overall satisfaction of both buyers and sellers for the next few months as we get used to working in this environment.

We have a safe environment on the emerald coast and a strong job market.

Definitely do HELOC esp in this right rate environment so you dont pay on the $ from Day 1 and it gives you the allowance to find your next home at your leisure.

Reason #4 is that we are still in an environment where housing supply and inventory remain limited.

Scaling to a property count is foolish especially in this environment, scaling to portfolio value(while leveraged) is the key. 

So, do operate within the BRRRR environment in an efficient way and not under such stress and pressure that means having enough money to front the contractor like 20% of the rehab.