If you are doing rentals, especially long term rentals, you are unlikely to be able to live off of those for a while if they have mortgages. 

It sounds like you may not be cut out to manage rentals in which case you should probably sell.

My concern is doing the cash out refi on my other rental and causing a new and much higher payment on it that I can't just pay off like a loan.

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?

Option A would allow me to keep it as a long term rental .

Yeah the plan is for her to do everything for the rentals, collecting rent, posting houeses for rent in Zillow, evicting tenants, tenant application, etc but I don't know if these would be enough for her to have spent 750 hours a year...

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."

Verifying last 2 years of rental history very important!

I am looking for Canadian Rental Deal Analysis Calculator.