The property is beautiful, featuring a single-family home of 2700 sq ft with 4 bedrooms, 2 baths, and a den, plus 2 barns on 5 acres, was purchased for $400,000.

Gustavo you always need to take a witness with you when you are dealing with a beligerant Tenant.

Sherrils Ford is beautiful - seems more vacation home-ish to me. 

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. 

Here are some factors to consider:High Demand: Hollywood, Florida, is a popular tourist destination with beautiful beaches and a vibrant entertainment scene.

Most people haven't done very many deals though, that's why they benefit from working with a professional.Some recent examples in my 1st hand experience... last year I witnessed a FSBO seller leave $400k on the table. 

That's beautiful @Kristin Vegas! 

Can conceal and carry also mate.Toledo is the place to be 😁 Guns, Reefer & Cash Flow.....If Toledo gets a River Boat Casino, I'm moving there tomorrow. haha love itHollywood Casino mateIt's not bad - https://www.hollywoodcasinotoledo.com/I prefer your Jack Casino tho in Cleveland Am I witnessing a budding bromance between @Engelo Rumora and @James Wise? 

nice, beautifully designed

beautiful house. hope it gets financed.