Sounds like you as well as them are in a tough spot.

That's to their advantage, not yours.My guess is damage will be tough to recover. 

I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.

It should only take you about a month or two to contact everyone on your list and then the tough part – you start all over again.Why the repetition?

Blanket ADRs are tough, especially in less saturated markets.

Even finding deals through wholesalers can be tough and competitive as well.

Getting the first deal is tough ! 

A lot of full time teachers/engineers/parents/workers use PPC to grow their part-time REI hustle, because they have limited time during each day. 

STR can be tough with the law changes that are frequently happening.

@Kyle Rucker- thanks ....you will have a tough time locating a 2nd loan for  180K +  ....Ask the realtor you are working with for options ...Make sure that the lender holding the FHA loan will be able to approve your assumption  request  ( this can be a long drawn out step ) .....if you do find a 2nd mtg - compare the fha loan and 2nd mtg  to a  simple new FHA or conventional loan as there may not be a large difference