Exit strategy on a rental property?

[Scott Nipp]

I was listening to one of the podcasts today and of course they mentioned one of the golden rules of always having multiple exist strategies.  They mentioned that for a flip they might use wholesaling or keeping it as a rental.  My question is, but are the alternate exit strategies if you are buying a property as a rental?

The reason I ask this is that it generally seems that a rental acquisition is generally a bit more forgiving than a flip so I don't see flipping or wholesaling as typically being good exit strategies for a rental gone bad.  If I were to have a rental that I got into trouble with and needed/wanted to unload, what is the most likely exit strategy?

[Al Williamson]

Let me add to @Ned Carey list. Add incorporating the rental into a business such as a small assisted living facility. Make it more than a simple rental and sell the whole business+asset.

Of course this is not a quick exit, but it should be included in the tool shed.