This leaves them with a liability rather than an asset.If you find this helpful please vote it up or ask me a question how I can better clarify it.

Hopefully we are able to buy another three homes without putting any additional of our own money into the bank accounts.Road BumpMy boss at my company decided to leave earlier this year in April and wasn’t sure if I was going to have a job after he left.

It's an investment you made in your future so unless it's at a vulgar rate, leave it and keep paying it as is. 

Thanks Richard , your answer gives me  some piece of mind , how soon should I start looking for a place , since you have to sign a lease 14 day after , the lease  has been approved , I am leaving NJ on 07/01/2019.

Now what options does that leave us with?

In a hot market, I would think it's reasonable to expect to find someone willing to pay 80k in a relatively short amount of time, still leaving 60k profit, give or take. 

He accepted, but tacked on another $5000 to leave the property fully furnished for us.

The owner leaves behind two elderly siblings . 

@Kevin RobertsonI gather that the funds are in your current employer and you have confirmed that you can transfer the funds without leaving your job. 

If it's students near a college you can put an ad in their campus off campus rental site, leave flyers at dorms.