You bought a good asset.

My first question is why did a cash flowing asset lose it's cash flow?

And for example there was a Crowd Street deal (Nightingle) where the sponsor omitted losses from their claimed track record (and ultimately was fraud...they never even bought the claimed property).And there appeared to be some difficulty or confusion with obtaining the full and complete track record ( including both realized and unrealized deals).

Quote from @Justin Jefferson: Hi my goal is to also create ownership and build my assets for the future.

You’ve got a sizable asset with stable tenants, but the monthly overhead is making it feel heavier than it should.

Is it best to obtain a loan from a local lender or a lender in my own state, where I will NOT be investing? 

As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.

do you need help obtaining the data you are talking about?  

I have just over $200K left of owner-financing, but I'd like to obtain a cash-out mortgage/loan of $500K (ideally) to be able to pay off the previous owner and make some repairs, etc. 

The few rules, may be missing some, to manage STRs:1)Own the listing2) The asset acquisition is the underlying investment.