I offered the tenants the option to terminate the lease, along with returning their security deposit and February rent.

Hey Andrew,There are a lot of good lenders here on BP with DSCR options to cash you out.

Trying to look for a better option than putting 25% down on it since rates are good.

What are some other options that would /could pay a higher return that allows for the money to be relatively available.

In this situation, you might consider exploring the option of refinancing the existing property to access equity for the downpayment on the new residence.

If there are more options for good investment properties closer to your work, buy them there, and the best scenario is to look along your home - work path.Regarding rental prices, I would advice you to call some Management Companies, Rental Agencies or Real Estate offices.

Keep us posted as you continue to explore this option. 

And that it was not optional. 

I have this fear of letting go of a property.The 2nd option is to refinance the same property for the needed cash as I have enough equity.

Modulars are built with 2x4's (Cavco offers the option to upgrade to 2x6's and IMO is the best modular home maker). just like a house and can be placed on a pad.