I think anyone that is real estate would agree with me that nothing is passive in real estate - it's just a lot of work does not matter what niche you are in but the reward is there.

Absolutely not because the reward if it did become successful was worth the risk.Remember what Michael Jordan said in one of the Nike commercials?"

As such if you can get in early, and gentrification happens, you’ll be rewarded for the risk you took.

It's rewarding and encouraging to see an experiment like this pass it's first test. 

Section 8 can be very rewarding because you literally don't have to chase rent money.

The performance and risk/reward of previous asset many times incomparable to the new asset.

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

It's known for its challenging terrain and steep runs.Stowe Mountain Resort in Vermont: Stowe is a classic New England ski area with a charming village at its base.

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?