Hi Chris, there are several options you could consider, but it would all be based on your risk tolerance. 

Quote from @Alan Mills: Yes, I would agree with Chris and Bill, but if you have an option to get around this by putting it inside the house?

Like that was optional? 

I've reached out to the gentleman that owns the large PM group in the area to see if he knows of any smaller PM that I can connect with and I also messaged my credit union to find out what my best options would be.

During period of low interest every post on BP was about cash flow - now that cash flow upon acquisition is dead the only option is equity which is also reeling because price appreciation is finally back to realitypersonally I buy for growth because I buy to hold for 10-20 years or longer.

In this case S8 is probably not a good option.If you are convinced you can find a great family that will take care of your property, then either option is fine for you. 

I am not there yet, and hope to not have to go that route, but would be good to know all of my options. 

Here are the options that I have been thinking about:1.

This limits your refi options when you take your scores down under 660. 

With the limited info, I would say #1 is your smartest option but there are a lot of variables missing.