The first link to the property does not show the additional studio. 

if your doing a senior project I would suspect your best and most cost effective landing solution is going to be a local community bank that loves real estate.. in my experience most will want 50% down on the dirt and a ton of experience and a really strong balance sheet.Myself I always pay cash for the dirt this makes finding a lending partner much easier.

I realized that the best way to compare and contrast these properties is to calculate the ROI of each.

You might want to look up Ray Glymph on socials (Instagram).

And I don't know what the cap rates are in the area for SFRs, but I did a quick Redfin search for a small multi-family home in the area that's turnkey: https://www.redfin.com/VA/Richmond/1622-N-31st-St-23223/home.... 

I have a 5 unit in VT and the appraisal weighed the comp approach slightly more than the income approach, because the area was pretty rural.

Is it worth keeping the house and increasing the rent to $1750 or should I sell in the market that we are in?

You can take a distribution from the IRA, pay the taxes (plus penalties for premature distributions), and then use the funds as you see fit.

Your loss is limited to the amount you invested.You can sell shares of publicly traded reits on the stock market during trading hours.

They can't explain the issues I'm having.