Option 1 : Sell the property and invest in a higher class of tenant and property. 

Working 30-40 hours a week might be ideal while you learn a trade or take college classes, or even get a degree.

Where you only have to take the exam and not the RE class again).

I am a licensed class A general contractor, mainly doing residential flips. 

That is an a$$ move to prevent other from getting in for years to come.Yet the town is to determine which goes to what class and that could also mean a lot of folks have their primary residences rented which may allow for a couple others to sneak in after the new ordinance is in place, but I think that is highly unlikely.Either the VR sections will need to renew annually permits costing you $250 each year per unit.If you don't you lose a spot, If you sell you lose a spot, if you don't comply they revoke your permit and you lose a spot. 

Anyone know of good classes or seminars that we should take?

It's not on the water, but walkable to  a beach and part of a HOA with marina (no deeded slip but access to boat ramp).

For one of my classes, I need to interview someone in real estate for a story.

You'd never hear this for an A class rental and likely not hear it for B class units either.Providing these appliances can bring in higher rent, but it can also come with the liability to repair/replace.

Same situation, would cash flow about $250/mo with no money into the deal.My only fear is I dont want to load up on C class property rentals because of all the drama that comes with it, and lower levels of appreciation and ongoing maintaince, but at the same time it seems foolish to walk away from cash flowing rentals with no money into them.