The property is rented out for $3,200 per month, while my mortgage is $2,100, and the HOA fee is $268.I explored the option of taking out a second mortgage.

For investment, 20% down is typical with some 15% down options out there but there are restrictions (not sure if this is available for STRs, just LTRs.) 

Its not near any major cities where someone might look at it as a long play for path of progress.Another option might be to see if a solar farm or wind farm company might be interested once its clear cut. 

I want to know the options and you are certainly gave  me good info. 

The most knowledgable people on market rents are the prospective renters who are currently shopping around trying to find the best option for themselves to live.

Other than Regus there are very few options. 

Have you considered the idea of house hacking as an option?

Check county recordsUse online search tools like PropStream, Reonomy, PropertyShark, etc.Use local GIS mapping tools (ask your county)Search online directories for LLC or TrustTalk to neighborsHire a skip tracerSend a letter to the propertyThere are a lot of options.

Sounds like you have some interesting options, and good reasons for both! 

I see a couple of interesting options on Loopnet.