Happy to chat and help you compare your options.

Sec8 is the "Options Trading" of Investment Real Estate. 

One long-shot option is to offer a lease at something like $1,300. 

I have been able to find a couple of options for this setup though, they just require separate leases for each room and sometimes 2-3 months of rental receipts as well. 

Certainly more options because you are no longer limited by imaginary boundaries of traffic and time.

A good lender should be able to piece together a strategy with you, whether that's cross collateralizing or not, underwrite each option with conservative numbers. 

Or cash for keys is another option…

Yes, this is an unsexy option and it doesn't offer the same tax benefits, but you would benefit from reduced volatility (so long as you don't obsess over fluctuating stock prices), greater liquidity, stronger management teams and superior assets.

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.

Question 2: if homes upside down on mortgage what are my options?