Happy to discuss in further depth if you would like.Explore Creative Financing Options: Look into alternative financing methods such as seller financing or lease options.

So I’m trying to see if I take that equity off the table and re-invest the sale proceeds in another market across more doors where we’ll see better appreciation, OR if we continue keeping it as a rental and work on principal pay down even though the rental price has been coming down and the home is not the easiest to fill because of the above average price for the C- to B neighborhood.Ultimately, my stated goal has been to build appreciation (over cash flow) by acquiring 1-4 doors per year for the next 10 years to allow my wife to retire (or be work optional) by the time she's 50.

I am not familiar with Horn Lake and the economic conditions you mentioned as a CON, but if you already have those concerns, on top of a large rehab, which typically don't shrink as you get started, and being OOS and needing a PM team, you may want to consider other options as you get started. 

@Alan Asriants Since you already received your decision,  I assume you selected the non oral hearing option?

Have you tried reaching out to any local mortgage brokers in the area for more options?

Another option you might want to consider is a cash-out refinance on the condo, especially since it's owned free and clear.

Credit unions can also be a good option.

But it is the lowest down payment option, and likely the lowest rate option as well. one tidbit - condos don't usually like the STR piece, so make sure to do your DD in whatever area you're looking to buy in before puling the trigger. 

A couple options… 1) Coast as is until March for better selling season, more buyers, higher price. 2) Raise the rent at least half way to market.

Is there any surrounding area specifically that you think could be the best option ?