Even though the rule of 70% is widely, in parts like Socal closer to 80% is realistic but once you get to 90%, you're at high risk of unexpected expenses eating all your profit.You mentioned you the property has a value add potential - what is the value add specifically?  

I got screwed but I still can eat and I am going to make a profit. 

Could be one of:1) you are eating the upfront labor cost....

You'll of course want to try to avoid this or perhaps negotiate a cap to your CAM, but if the location is superb, you may have to eat it.Good luck sir. 

You may be better off eating the loss of the emd than trying to salvage that loss by exposing yourself to a larger potential loss, especially if you have limited experience.

@Sam Leon Come on now, everybody's got to eat. 

My father and brother in law have about 6 rentals eat of tramway. 

Now, 2 months unemployed with no activity on countless resumes, phone calls and emails, the timing seems right to begin.I'm taking action to rehab/flip homes, as well as considering wholesaling (so we can eat in the short term)...

That will eat your profit for a couple of years.

Then I eat dinner and back to studying try to figure out what to do next.