Wraps seems like an easy way to align all responsibilities and “rights”.  

It’s worth exploring to see if it aligns with your investment strategy and timeline.

If there are items of value left behind, or even personal items of sentimental value, I will follow the abandonment rules to a "T" to avoid any legal issues.

The goal here is to align with investors and educate them about the benefits of long-term strategies.

If cash flow improves, it might make sense to hold onto the property while expanding your portfolio with new acquisitions.Reinvestment OptionsIf you sell or pull equity, focus on markets and property types that align with your cash flow goals:Out-of-State Markets: Research markets with strong rental demand, favorable landlord laws, and higher cash-on-cash returns.

That means I have roughly enough for cash to close, but no reserves left over.

I prefer it that way too as it aligns your incentives to maximize revenue. 

Is it best to just throw cash flow at the loan untill the principal is paid off (current cash flow between the two properties after interest and all expenses are paid plus vacancy rate = about $250 left monthly) refinance at renewal to pay it back in full? 

Quote from @Kyle Carter: What are some questions that you can ask to each of the required team members(PM, Agent, etc. ) to ensure that goals align and they are best fit.  

Some used more creative ways to handle the needs but it is still a capital call and dilutes the return (if anything left).