You can shift your perspective to enjoy what you're doing, yet reap the long term rewards by planting the seeds today. 

We had a light rain last night, but today It's sunny. 

Just wondering, if buying a lot and building a duplex, triplex, or quad plex is a good option in today's market?

If indeed a loss is taken on this which it sounds like is a fair possibility then if the agent was representing you the agents E and O will/could kick in and that's where you might get some financial relief.

In today’s market most homes will be worth more than their outstanding loan balance unless they are VERY recent purchases with little to no money down.

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

Now it's an out of control machine with a lot of financial incestuous relationship in the tupperware farm.I like your analogy.

The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

If you're asking if Furnished Finder is worth the financial cost, that's a no brainer.

However, I met with a local CPA today that I really liked.