Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants. 

Check out this youtuber video about owner-occupants in areas of Florida having to sell at a loss. https://youtu.be/wpKpwUhPRrA?

Non-passive losses can offset non-passive income (like your W2).

Depreciation typically results in a tax loss.

Your loss is limited to the amount you invested.You can sell shares of publicly traded reits on the stock market during trading hours.

In our case, our lease specifies that if a tenant wants to break the lease early, they are required to pay three months’ rent as a penalty and forfeit their security deposit.This approach helps cover the costs of finding a new tenant and any potential loss of income while the property sits vacant.

I'd be pretty irritated over the loss of 6k, 4 months of stopped work and the corresponding holding costs.Do you invest in OH, or somewhere else?

If you operate the vacation rental as a short term rental, you will be able to take advantage of taking any losses you have on the property against your ordinary income.

It didn't cross my mind when I sold the above property at a loss I mentioned above.

Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other types of income.