And your bank is not requiring any sort of paydown of the mortgage for a partial release. 

Whether you've lent money for an individual project, or you've invested in some sort of fund / group, I'd like to hear about your experience! 

Keep up the self education and try to figure out some sort of unfair advantage that you may have.

All fair questions and yes, there are far too many variables to say with any sort of certainty.

You have many options here.1) Terminate the lease: It clearly states that they must have renter's insurance and the lapse can result in a default2)Have them cover the damages with sufficient evidence that they caused it3) Claim it on your insurance for the property, likely they won't give a good payout unless a fire, flood, or some sort of wind damage.

If you do a furnished LTR you will still have to worry about your furnishings and possibly consumables/linens if you plan on providing that sort of thing. 

We thought about doing seller financing for the $172K but it will likely take 10+ years to pay the full amount at any sort of reasonable monthly payment.

Quote from @Ray Forrest: Hi Hannes,Does Raisemasters provide any sort of templates, guidance or content on building a website for raising capital? 

I run into them as they were looking for some sort of funding and I had my HML company in Portland going at the time..

I don’t think that is the person this sort of situation is meant for.