Thank you,Jerry Jerry, I recommend getting in touch with an experienced broker who can educate you on all the possible options in the investment space for cash-out refinances.

Your best option is to terminate the current manager and switch to one with better processes and communication.

Are there other creative options I haven’t considered?

You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

If you really hustle and are smarter than the average bear, you may make enough money that you can buy an investment property.

Once the city gives direction, then start to look at available options and penciling out the numbers to see what makes the most sense.  

They don't mind higher vacancy rates then SFH might be an option.  

When looking at deals, learning, getting better and thinking smarter as an investor.

Off-market property is the best option for fix and flip, but since you are planning to live and flip, some on-market properties would also work.

If you need any help running those numbers or figuring out your options, don’t hesitate to reach out!