The Owners Agreement has been a big help as it delineates the exclusive use/rights and shared rights to each area of the property. 

I do not think options 1 and 2 are mutually exclusive, in fact I think you should do both. 

If you have the capital, then it would be best to try to force some equity or buy at a discount and refiance.

I will ask if there would be a discount for better accounting on my part. 

I had 3.5% rate, did a lot remodeling and heavy lifting, and decided to sell due to the 2/5 capital gains exclusion.

I would certainly try to rent it, even at a discounted rate, until the next school cycle. 

MOST transaction aren’t BELOW market, although I’d venture that 85% of those buyers BELIEVE they’re purchasing real property at a discount.  

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

At times you can find discounts in marketing to this niche. 

Listing immediately at a bit of a discount to fill it quick on ST leases to reup in spring.