The move was sudden and unexpected so its not like we were doing it to flip but all that hard work that I did myself to only come out even sucks. 

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

We finished the remodel, got great tenants, increased our equity by $110k in one year(unexpected), refinanced out of the PMI & then pulled a HELOC for 68k and used that money to buy a vacation rental in the Smokies with Avery Carls team, The Short Term Shop. 

If the 500,000 was not an accident, you should be able to find a lot of competitive.

Flipping typically involves more risks, including unexpected repair costs, project delays, and market fluctuations.

You could still sell for a profit, Rent it out for a few years then sell, or offer seller financing and recoup some of the costs.Don't forget you will have to pay taxes on a flip.Always expect the unexpected.  

lolPerhaps, more seasoned investors might feel more comfortable doing this, but seriously, even the most experience investor should always expect (and prepare for) the unexpected when it comes to rehabbing a property!!  

An under-construction property can be a terrific deal if you're willing to be patient and financially prepared for unexpected delays.

By accident, ended up in the Air National guard part time which turned into a full time gig.In 1998, sold the mutual funds and started investing in individual stocks. 

I have seen partnerships dissolve quickly and unexpectedly because clear expectations were not laid out from the beginning.