They knew all along it was a loser but just went along for the ride, etc....In retrospect, they may even remember all the winners as really their great ideas (they gave the "green light" after all; the losers were really your ideas, etc).  

If something like a plumbing leak or roof leak happens, he might just ride it out while it causes major damage to your property.  

Or if you find a flipper you can trust and are more interested in learning on this first deal than making money (which is also a decent strategy), then bring them in to look at the property under the condition that if they buy it you get to "ride shotgun" on the deal all the way through to learn, and they may or may not toss you a small "bird dog" fee for turning them onto the deal.One other option, if you can get it for that (or a bit more, say around $400k) and finance it under a traditional loan, could you comfortably afford the mortgage payments?

I think rates and max cash out LTV will continue to be a moving target as we ride out of all this market uncertainty.

Bummed to hear it sounds like you've been taken for a bit of a ride.

If they don't get it when you reset their expectations, you just need to ride it out until their lease is up, then decline to renew.Good luck!

It's morphed into a regular loan that's risk based and with higher risk comes higher interest rates and points.  

I did have one seller who had to take an eight hour bus ride to get it done in Mexico though.  

It's better to ride the lease out and not renew.I think you should have a conversation with your property manager.

That way I could ride the AirBnB train while it lasts, for however long it lasts, partying and counting money the whole way, but have a proven long-term strategy that will continue to work if/when AirBnB blows up on me.