Fortunately, it's a co-op so maintenance is handled by the resident custodian and the management company.

I'm fairly positive any time spent handling any aspect of your business goes towards the 750 hours.

Good news: you may get it for cheaper than you otherwise would have since the buyer pool is so reduced.

The house isn't going anywhere, so handle the IRS and get them out of your life, then move forward with a traditional loan.

You have gotten good advice on this thread on how to handle this.

Hi Skyler I’m an adjuster for an insurance company and handle homeowners claims.

If your credit has improved, you may get better terms than you currently have and, even though you may not pull equity out, you can reduce your monthly payment = increase in month cash flow. 

A few thoughts in the back of my mind:Estoppel agreement - need this anyway, but in this case I could clarify any special handshake deals with the last owner and this resident manager.Relieve couple of any management duties like leases, walk-throughs, etc. as I can handle that now.At lease-renewal, make lawn care specifically part of this tenant's lease (and mark rent appropriately lower).Please let me know if I'm close to the mark or far off :)

If the Seller agrees to reduce the price to $210k, this will be a short sale and the bank may have a say or two about it. 

We're having a hell of a time here trying to figure out how to handle STRs.