It's something that quite feasible.

He has not realized yet that he should cut his losses and take a lower price and walk away. 

If they get no action then they know when speaking with an experienced investor they will have to take a painful loss to sell from where they overpaid.

Many never would have invested again and been bitter for lifeHey Jon, I heard a quote from Tony Robbins once that said that most investors have a big massive loss and they can never get back on the horse again and that is what defines who they are for life.

If feasible, we recommend that you change all the locks on the property (if this was not previously completed).

What types, and how many exit plans are feasible?

I asked our previous CPA about bonus depreciation and was told “the IRS frowns on multi-year losses.”

You can potentially pay yourself for services that you perform - It may be a wash or potentially at a worse off situation(if your rental losses are suspended).Salary to yourself is income.

Sorry to hear about your loss.

And to top it all off one of the silent investors is threatening to sue for his losses.