Check out https://legaltemplates.net/form/lease-agreement/termination/...They have more options.

Both options have pros and cons, and the right choice depends on your lifestyle, experience, and long-term goals.

@Nicole ShoafYou are correct and have equity locked up in those units, a good lender can give you options on HELOCs or other loan products that could help get some equity out without selling.

Always consult with a qualified tax professional before making any tax-related decisions.Depreciation losses will have no effect on your financing options. 

FYI, a 203k FHA loan is not a DIY-friendly option.

Maybe selling is the best option stop the bleeding and do something that is more risk adverse. 

The investor wants me to come up with a few options for how we can partner on a future deal (coliving home in the Cleveland market).

@Nate MarroquinYou're in a great position to house hack before your income increases, and you have multiple financing options to make it work.

I sure don't want to consider myself an abuser of this forum, and therefore don't see that as a proper solution.Nonetheless I do agree with @Joshua Dorkin that it can disrupt the flow of conversation... but I don't agree that most forums act this way; I've been a member of multiple forums, and most of them have options to delete posts... rather than contacting support or marking your own post as abusive.I digress...

CO states single dwelling (converting to a 2fam will cost upward of $100k- not an option).If I hold out- the property will have net profit of $600- possibly more if I refi again to bring my rate down.