I think their best option may be to sell it and walk away before they get themselves into a bind. 

Some have jobs act poor many now own new cars and go on vacation walked out richer than landlords. 1 saved enogh now own a house.  

We would need to walk away from ~$10K so I'm trying to see if there's a path forward.

@Ryan Cleary I tend to agree with your thoughts - the ease of management/no maintenance was why I was looking into the 3bed+ luxury condo market.I would prefer to get a STR in an area that we like to vacation a few times a year, using the revenue to subsidize the cost of ownership (which is why appreciation potential is more important to me than monthly cash flow).Finding a newer luxury home that is walking distance to a nice beach in my price range has been challenging.

Sounds like you've already walked road not yet traveled for some of us.

I'm open to suggestions on this one.I've started "virtually walking" the street of a property I'm interested in with Google Maps.

Hello David, it’s definitely a good idea to walk-through your occupied rental properties.

If you have some time this summer, walk into a real estate firm or search the job sites for internships. 

Call your escrow/title company and they may walk you through the process.

Now if you have a general person who stops in to do other small tasks or do more property management style tasks (walking through the house to inspect for damages, drop anything off guests may need, change water/HVAC filters etc.)