Sell it for a discount or close to retail (Cash).

In WA we just put it the downpayment amount and type of the loan.

I can either A) Attempt to get a loan with that amount of money, with a 32% DTI OR  B) Drop my combined DTI to 22% and having about $50K but this would mean waiting until 2029. 

I offer a 20-30% discount depending on the property, time of year (sometimes a long term guest just isn’t worth the amount of money you can lose), and length of stay. 2.

There are exceptions, but plan on that amount and you'll always be prepared. 

Of course, VA loans are no downpayment and investors loans require downpayments so if cash on hand is of concern, then you will need to wait but otherwise, maybe buying today is the better move. 

Partner would bring $500K cash and thus own 50%.1.

You might not quite get $1,700, but you can definitely get a good amount. 

There are cases where certain portions of the NNN Expenses are capped at increasing more than a certain amount over the previous year which is another thing to take note of when purchasing an existing asset because if the NNN's are capped then the owner runs the risk of absorbing a portion of the Operating Expenses which ultimately kills cash flow. 5.

I'm confident about the payoff amount as I've been watching this for a month, but only recently came up with the funds.