Seller would rather ride it out for potential office use (currently allowed by zoning) and pay $1200 in taxes than sell at that steep a discount.

Southern European countries can go on topsy-turvy development rides, but despite local rental markets, cheap airfare can help an airbnb rental business work.

I feel really uneasy about this and spoke with a PM that I just hired. he says there is not much I can do since I have a legally binding contract. he believes I should just ride it out, meaning collect rent and see what happens, if she doesn't pay we can evict. the lease agreement  is for 2 years and I'm very concerned. 

@Tanner Marsey I remember as a kid reading BMX magazines from Huntington beach and there would be kids on their bikes next to the beach with girls in bikinis next to them, and we were all riding around old residential neighborhoods, LOL (so already jealous of where ya live!)

You need deep pockets to ride out the major expenses along with supplementing your rental income to pay the bills but that is the way is seems to be out there.

You are in for a crazy ride. 

If you are comfortable with a property a plane ride away then your predicament is just a math problem to determine where your money/ equity earns a better return. 

Every once in a while I go out with him on a drop-off (mostly because it's fun to ride in the truck!)

About a 3 minute bike ride. 

Listen to a BP podcast on the ride there and another on the ride back.