I like wave as a free alternative

Brenna, another alternative for you since you will be far away from this now rental property is to hire a PM, and let them handle the situation.

Al alternative is to put  more down to reduce your mortgage so it cash flows.

If you don't know their new home address, there are alternate ways to serve them. 

My question is this - what’s the best way to go about finding alternative funding?

But if you roll your equity into your home, it's alternative cost will the your new mortgage %%.So, this way your $195Kwill be working with your new mortgage rate while it could be paid off by your tenants and get sold when market is very high again.Tenants usually complains about everyday problems: A/C doesn't work, toilet clogged, facet is not working.All these cracks etc - it's the owners problem and Tenants seldom worry about that.Bottom line: I'd use $195K in investment property if it gives you more return than new current mortgage rate.But you have to factor PM even if your wife does it for free.If the ROI is less than the rate - sell it and pay less in your mortgage.ps I think using leverage will get you to your goal quicker than paying off all mortgages....but each their own

Or, buy an owner occupant for the next year with 5% down while you're waiting and then convert that to another rental.Hope that helps and I suspect there are lots of others with alternative opinions (as referenced above with the McDonald's comment).

Paying off student loan debt at 6.8% is a very attractive alternative. 

Alternately, how ugly would things become if I only tracked income and expenses (Rentec), and stopped tracking assets.

Anyway, I started looking for alternatives and I found a retired doctor and her family who were living about an hour away from us in Virginia, and for $3000/mo they provide her with a lot more care, love and affection than the nursing home would have.