Those are outstanding numbers.

It seemed like the low interest debt route using it as a rental is fine or if I just want to get out of the deal entirely, I can sell it and would still come out with several thousand dollars profit and could get rid of the outstanding debt.

Such an option showing payments will be accepted by any lender when and if he buys.Part of the reason I lean this direction is due to the Safe Act with this property being a non-owner occupied and the fact that you will have a loan outstanding.

He manages multi family for me in Tampa and has been outstanding for the past 3 years.

Broke them into 'intermediate' and 'advanced' buckets: Intermediate listeners, know "enough to be dangerous": Joe FairlessMichael Blank (~30-45 mins):  some of the most approachable Multifamily syndication podcasts availableAdvanced listeners, "ready to nerd out":Long-form (~30-45 mins): Old Capital - Outstanding podcast with stellar hosts.

Can anyone tell me is there a way to find out the mortgage / loan Out Standing Balance on the property. it's easy to know the Loan amount issued. but what about the remaining balance?

All FHA and VA loans that are still outstanding today are assumable, but only by owner occupants.

Exit Price - Sale Expense (4% or 5% - this includes brokerage commission and all other sale related expenses) - Outstanding Loan Principal = Owner Equity2. 

In some cases, the property may be sold at auction or through a real estate agent.Distribution of assets: Once the sale of the real estate is complete, the proceeds from the sale will be used to pay any outstanding debts of the estate, including taxes and creditor claims.

Sounds outstanding.