I would probably walk away (at a brisk pace) and start fresh for the new year but I would never presume to know your situation.

A newly redesigned kitchen with a chef and family in mind plus some technological must-haves, An open layout, a newly cleared backyard and fresh landscaping take this $175,000 purchase into a $510,000- $535,000 plus real estate dream.

Allure floors, if the budget allows, and fresh paint.  

The House has an updated kitchen ( granite counters, custom cabinets, new layout, newer appliances), some new light fixtures, and freshly painted exterior.

I have also bring up the fact that Cleveland is situated on one of the largest fresh bodies of water in the world.

There are rules controlling cash out, so instead the rebate is given through principal curtailment and my loan principle drops, in my case $10,575There are obviously more nuts and bolts baked in to this...but this is a simplified version of how I understand this to work. 

And fresh water (Lake Michigan) is a favorite reason for me, but not yet a major factor except Foxconn. 

@Timothy Duggan I would eat the loss, and just bake in a rental increase into the lease agreement.

Beyond that, with a simple deal, he gets his cash out and you are starting with a fresh slate. 

This is fresh info that I just got this morning from one of the city's reps in their STR department:Any rental charging over $5/day for a term of less than 30 days is required to have a short-term rental license in Austin.