As far as Option 3 selling the house and looking elsewhere, the places I'd consider are Sacramento, Nevada or Arizona (where I would buy if I sell off all my Indianapolis properties). 

You can partner with her, where you both go on title and both personally guarantee the mortgage. 

Like just imagine a website where you see all well-calculated and ready-to-buy deals of real estate and a place where you monitor your property investments like how much they are worth.

Could you share more information, such as , did you buy it close to where you live, what softwares are you using to automate, are you self managing or have a PM in place for maintenance and bookings and also communicating with guests?

where I do think it helps is if your raising money from folks and or with banks..MBA gives some credibility for sure..

It is my understanding that this needs to be done asap since I am aquiring it as is where is..How should I approach the current owner/tenant?

The latter is the reason why most cannot get funds Where should I look? 

Where do you want to invest? 

Is it possible for a private investor[non hard money lenders] to pay down your loan and secure a lien and for you to pay them back, and if so where do you find investors that would? 

First, where is the property.