While most flipper would give advice on the technicality, i would say flip reward/risk is created when you purchase and the future market trajectory based on external factor, such as inventory and/or future interest rate movement. 

With flipping, its a high risk /high reward thing... and the downside as well..That's fine if you don't want to be a landlord (other than str). 

Flipping can be risky but also highly rewarding.

This is always the "tell" - if someone presents themselves as a guru or has discovered a "secret" to quick success in something related to real estate LOGIC = they would keep it to themselves as a closely guarded trade secret and reap the rewards, not spread it far and wide for a quick buck..

It could be a way to consistently see your account balance grow and it may be rewarding to see that monthly income coming into the account - but realize it won't be income you can use today.   

I understand the initial apprehension, but it's a rewarding journey.

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. 

So I sold out.. the drama with those folks .. the risks of working in those areas just did not equal risk reward for me personally. 

Make sure the risk is worth the reward for you personally (it wouldn’t be for me) and that you’re not being fraudulent with any of the parties involved. 

Of course higher risk = higher reward (or higher loss).Whatever you invest in make sure to understand your investment and do your due diligence.