If so, what would you recommend would have made this deal better as an investment?

I'm not sure what to do in this situation, whether to drop the deal and lose my earnest money or try to find another lender.

I have analyzed a few deals in the current market, but I have not been able to find a single one that will produce a decent cashflow. 

Carol, let's take a look at your deal:240k purchase40k rehab320k ARVYou wanna BRRRRR it so first a bridge loan with rehab. 

Hello,Trying to source deals, I've been reaching out to many RE pros in my market (Spain) and came to be in touch with a family office that offered to sell me, among other overpriced assets, the whole fifth floor - subdivided in 2 apt - of a building they're renovating in the city center. 

So, are you planning on putting more money in the deal at that point to make up the $63,250 difference?

Welcome to the forum Ranil,Turnkey properties are mostly buy and hold.Can't really "flip" them per se as the provider will not leave much (If any) equity in the deal.

There are still great deals there.

At the same time, have the washing machine plumbed correctly so you wont have to deal with this headache in the future.You should then go through that house with a fine tooth comb to see if there is any other issues you haven't noticed.

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