You may want to explore some JV or indication options, maybe even a REIT (real estate investment trust) it bypasses the high cost and allows you to mitigate the risk across multiple investors. 2.

I have been exploring financing options.

The current note servicer, FCI, has a reputation of note being easy to work with, and so I'd like to explore options with another licensed servicer.Does anyone has experience with a licensed servicer in Iowa who provides great service for a reasonable cost?

If you do keep it, I would explore the possibility of hiring a management company. 

@Edward Liu - quick follow up on your point on the UCC as I am exploring whether to sign EIDL docs.

But in the spirit of BP here are some avenues to explore.1) Sell the asset, the quickest, and easiest for your mom and aunt to get their inheritance.

Explore your local options before incurring these costs.

What added to the chaos of this was that it occurred after a renovation so there was a lot of time wasted exploring all the other possibilities when a 100 year old oak sat out front laughing its head off while breaking through the pipes.  

@Nina GranberryThank you so much everyone for your valuable feedback.I will explore out of state.

If you want to stay somewhat close, I'd maybe explore Tucson...it's a great town with a huge college.