I would start there and think of anything that I could do to stay in the house for a while as it sounds like you would be losing a bit of money with the other options. 

With your primary residence, things can be pretty straight forward in terms of splitting mortgage interest, real estate taxes etc. on your returns.If you go into a rental property, there are a lot of considerations to think about.

How about yourself what's one goal you want to accomplish? 

Everything is going wrong. 

Benton St property due to its desirable location and the opportunity to significantly increase value with strategic renovations.

Go to AirBNB app and research which areas have the most listings, that usually means that its a HOT area and if you run it right you can succeed.  

I'm going to try leasing the place out myself again, but if I'm struggling, I will hire property manager. 

@Jason MatthewsHi Jason, Welcome to the community. 

Let me know if you want to dive deeper—happy to help!

- My first thought is offering cash, but the home owner would most likely just let it go to foreclosure because of how low the offer would be. - My second thought is offering some cash and taking over the loan - there are no liens on the property yet.