There is no FHA 3.5% down on an apartment building or a shopping enter, there's lots of gov't incentives for "everyone to own a home" and since 1-4 units residential are all considered "single family" homes that means young investors get to ride that gravy chain for up to 4 units, but nothing like that exists for CRE (the gov't backed CRE mortgage options require MORE experience than traditional/vanilla commercial mortgages).Let me know if I can help.

For me, I'd probably ride this out.

If you can ride it out for 5 years (60 months at $200 month negative cash flow x 2 properties = $24k cost to hold on!) 

Her sole purpose now is riding herd on the folks in India.  

Guess I'll have more opportunity to ride my jet skiis and go fishing!

Most of the Snowbirds hail from British Columbia, Alberta and Saskatchewan and they flock (no pun intended) this area from October - May (to escape the harsh winter months in Canada). 

I could maybe get $4500/mo for mine, and I live a 5-min bike ride from the beach.

Remember your first bike ride without training wheels? 

If you pick a martlet a three hour plane ride away it will be hard for you to learn that market well enough to make a decision. 

Let her ride out this current booking and then if she wants to extend or stay again, decline it and raise your rates a ton.