Potential Rent = $840Estimated expenses = Property management 10%, Vacancy 10%, Repairs/Maintenance 10%, Cap X 10%$840-(property management)-(vacancy)-(repairs)-(capx)$840-$84*4=$504 (total revenue)Cash flow = total revenue - rent = $504-$540 = ($36), looks like you would be loosing money every month. 

I say "retire" loosely as I wouldn't quit my job completely but work mostly per diem as I do love what I do, just would like more freedom to travel on my own schedule.   

I called the tenant and we had a conversation and she understands she is legally bound to the lease, she is also aware of the clause in the lease that states should the lease be broken there will be a financial penalty.

And the lender will use your last listed price as a maximum upper bound on the value.If your intention is to sell, the best answer is to get it priced right to move quickly. 

That's how prevalent yanking out the slides was.By the end of the second semester of that year the slides had become so loose that you didn't need the hammer anymore.

If it changes option 2 seems to be more beneficialIf i go for option 1, i will loose the 2.875 interest rate for the entire loan, as well as i will loose that rate for the sixth year too.

Are you in any way legally bound to your broker?

I'm fascinated by the potential to live anywhere without the need to be located in the largest job markets as I have been bound to thus far in my life. 

You really don't have much to loose here. 50% leverage gives opportunity for bank to take and get all their investment back without being flexible.

We're leaps and bounds away from another savings and loan crises, but still.