If your financial situation allows, maybe you can slowly increase the rent and bring to FMV, and after a few years refinance to a lower rate?

However, an essential exception emerged in the 1990s, allowing specific rental income to be categorized as non-passive.

HOWEVER, I do not think VRBO and Airbnb do not allow two accounts for the same property, so you have that hurdle to cross.My advice would be to cut ties and move on. 

Get involved, ask questions, be open to feedback, and allow other seasoned investors to help guide you along your journey of Real Estate Investing.Learn how to analyze a deal to determine if the investment makes sense for YOU.

Zoning is also a big deal- the piece of land has to allow for multiple units and of a certain size.

You can speed that time frame up by adding more per month this still allows you to keep the rental and speed up the payoff of the home and save interest at the same time.

You can invest with big-name experienced sponsors, who may simply be putting their name on the deal to give it credibility, and will have little to no role in the operations, and may command significant fees that allow them to get paid regardless of the deal's success.

@Nick Maugeri It also depends on your level of risk tolerance for whether you want to leverage a property and if there are issues with the property that will not allow it to be financed initially.

I encourage you to get involved, ask questions, be open to feedback, and allow other seasoned investors to help guide you along your journey of Real Estate Investing.I'd also check out local REIA meetings, this can be a great place to get to know other investors in your area and network with people.Best of Luck!

This would allow you to put less down.