I know about some financing options that i could use and need to learn more about my local market just am scared of risk!

DM if is you want to talk other options.

I assume mountain towns are my only option for cooler in the summer without humidity. 

There are a number of QIs right here on Bigger Pockets.

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We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

This puts the home underwater.I've calculated the following two options: To sell the house, it would cost me about $60,000out of pocket.

@James Tobin  yes FHA will be a very low downpayment option for you.

none of the above  Any insight into other options?

I worry that a disgruntled renter could see potential deep pockets if they did their research.