It is important NOT to commit to anything except to continue to explore an arrangement that suits you both. 

That's something I would need to explore as well.

I have some clear action items on my end to explore.

There is an option to do short sale a property (sell for less than money owed), but usually lenders only explore that option if the property is in default. 

@Katie Panzica - You definitely want to explore unconventional financing (Hardmoney, Private Lending, etc.). 

My typical buyout structure is starting at 2x rent and going up to 4x before exploring other options.

I am aware of hard money and private lending and will explore this as I build my brand.

I plan to explore the BRRRR method for my next buy.

Each person is bringing money to the deal, but we are exploring options.

I already have the residency figured out too, I'm planning on taking a gap year, getting my RE license, and living with my grandparents as I just explore a bunch of different paths in RE to learn as I try and make a little bit of money too.