In all seriousness, as many mentioned here, wholesalers are trying to make their cut and sell you the product.

He was unpleasantly surprised with the management/collection/vacancy/repairs challenges there were on them, which drastically cut down his returns, raised his stress level, etc, and he had a long difficult time finding an avenue to exit owning them.

We usually cut a permanent dryer vent in the wall and use that to exhaust it to the outside (instead of hanging a hose out the window, yikes again).If you don't have forced air in a property (meaning if you have hot water radiators) a mini-split system is one of the most cost-effective ways to cool a house.

Did you attempt it for a time but find it not worth the effort vs. other cost-cutting strategies? 

Is there any options other than cutting my losses?

Quote from @John Mason: First of all  looking at the cashflow nowadays is not going to cut it, maybe look at value add and appreciation until the rates come down Cash flow can be found in the right markets.

I budgeted knowing I was going to have my work cut out for me.

However, for personal reasons the tenant is no longer interested in remaining in this rental and wants to be "bought-out" of their "ownership".First and foremost, a verbal agreement just isn't going to cut it and getting a signed legal contract is the first step.

You are right at the edge of the end or our rental season.

Our current property manager is not cutting the mustard (not enforcing late fees, slow to fill vacancies, etc.) and I would very much like to replace her with someone who will approach our investments with a more business minded attitude.