Having some preliminary figures in mind can help facilitate the conversation

http://mnsoberhomes.org/   This is an organization of over 20 sober houses in Minnesota run by private people. they formed a organization to help each other.this is a interesting part of a growing need for assisted type of housing.Just thought I'd pass the info along..your state might have a similar organization that could give assistance in figuring out how to start a similar type of housing situation.  

fha. 3.8% interest and Currently owe 450kMortgage $3,400.00Currently we are renting home out for $2,400 and taking a lossLiving in an apartment for $1700 making total living cost $2700 with the 1k for covering loss on home Household income 180k-200k Please help me figure out what makes the most sense in this situation.

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Have you figured out where you went wrong when dealing with this partner?

All of this is doable, don't let the questions above stop you those are just things to consider which thousands of people have figured out and you can as well. 

We make some of our clients 6 figures in equity through forced appreciation and helping them reposition their portfolios. 

We were still figuring out the best way for the renter to pay their monthly rent for the first two months.

The company has a points-based system, where members receive a certain amount annually, and they can then bank those points for up to a year and use them to reserve time at various resorts around the world.I have been dragooned into assisting them with defraying timeshare costs by trying to figure out how to rent out the unused points so that they don't go to waste, before I dive into this myself, I wanted to find out if anyone else has experience with vacation rentals with this set-up.

I know you are probably bummed about this and feel like you made a mistake, but if you can figure out how to hold this property and buy more properties and hold them then you will end up making significantly more money in the long run; you don't build a real estate portfolio by selling.