What's better for heating gas or electric? Building a cabin in a tourist destination that does not have easy access to gas or electric.So I will need to run electric line anyway and considering installing underground ...

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.

Are there other creative options I haven’t considered?

Option 1.

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.

In option 2, your costs are $25k higher.

Hey @Sundone Boutvyseth,Mountain America actually has a private loan program for Utah investment properties that is only 10% down.  

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

I have an idea of an initial investment and returns I would like to hit, but would love to speak with those of actual experience to see if my numbers are realistic.

@Glenna Wood, They're actually in conjunction with a 1031.