All have very high appreciation right now. 

These properties are owned together with Lavatube Capital,a husband-and-wife team touting high-growth low risk returns and Lane Kawaoka, a real estate podcaster.Proudliving is a New Jersey based “owner and manager of real estate” which like other entities mentioned abovetakes funds from accredited retail investors to invest in the multi-family area.

I highly recommend that you tune in to the BiggerPockets Podcast and connect with the local lenders and brokers.

If you can make it cash-flow with the included low rents and high turnover then go for it! 

The Power of networking, Making High Level Connections is the new book for this month Speaker, Alexandra Labbar.

But the difference between that time and now is two things, in 1970s era the interest rate is in the high single digit.

I've tried hiring contractors but the cost seems so high it's hard to make deals work, so my question is where do you find people to hire full time for general work like drywall, flooring, painting etc......

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. 

I used to live in Hawaii , and the entry barrier is just high.

I'm going to give you some advice because I know the borrower profile that big box lenders like.First, get your credit as high as possible.