Just recently I had my title company call me and say a contractor contacted the home owners about a nearly 10k balance owed. 

We have some standard responses to over-the-top demands:"That would be very difficult."

The new ceiling loan limit for one-unit properties in most high-cost areas will be $679,650 — or 150 percent of $453,100.Historically the "high balance" limits for high cost of living areas like the Bay Area, NYC, SoCal, etc, have been 50% higher than the baseline.

Being part time is difficult b/c your clients really expect full time attention from you.

After subtracting loan balance and sellers fees, net for selling all would be $350K-850K (There is obviously a lot of uncertainty here, high value is based on a recent pitch from a realtor who specializes in investment property; low-range is based on skepticism of that).

Accordingly, if you anticipate a large state balance due for tax year 2017 you may want to consider paying that by year end if you are not in alternative minimum tax to preserve your deduction.

The principal for the property currently sits at about $86,820, with an Escrow balance of about $850.This is obviously a very bad deal as it is; my question is what would be the best option to drop the mortgage every month in order to get a positive cash flow, either by refinancing the mortgage, or getting some other loan at a much lower monthly cost?

For example, I could refi for 104k then subtract the remaining loan balance (93k) leaving me with 11k?

I already have 4x conventional mortgages and that is making it more difficult to find another conventional loan.I found a portfolio lender that'll do 7/1 ARM at 8% interest, financed at a 30yr ammortization.

Like I said in my other comment, it’s difficult, because I have had the hardest time time finding an investor friendly realtor at all in the area!