Or should I call it quits?

Read a book, or even a blog like this one:  Application Screening GuideIf the landlord had called the previous landlord (me) they would have immediately denied her."

We had success in summerlin with insurance company paying .. over a 24 month period we had 3 tenants   fair market rent at the time was about 2200 or so non furnished.. we got 4100.00I did not like the turnover so I put it up as furnished rental and got 3500 and its going into its second year with a superb tenant. so seems like a happy medium for us.. 

Anytime there is an issue, they call/email me.

Call around and see if you and the property will qualify.

I regularly break down the latest market news so you and your clients can stay ahead of the game.Hope this helps—good luck!

I am now calling different counties to identify cities that do not have such restrictions in order to do AIRBNB.

We have assisted clients that hold property individually or in an entity and they transfer to another entity and have never had a lender call the note due. 

I'm making two assumptions here - it will take you a year to get the tenants out, and so you are cash flow negative for a year, and that year of negative cash flow is a lot less than the loss in sale price you will need to take to get it sold as-is. 

So, looking into this area could be smart for you all.