On the surface your situation is not that abnormal.

Flipping can bring cash quickly I can see why you sold and everyone's situation and goals are different, for myself I see a huge benefit to buy and hold.

Since no details were given to income or current situation.

Here's the general info on the situation. - Unit is a half duplex in a class A area and needs a lot of updates, but the rent should be close to 1% once done.

Thanks @Derek Lacy, I'm reaching out to new contacts to see what I can do about the situation, thanks for your advice!

But I would gladly welcome any other feedback that might be more personalized to my particular situation.

It appears from the picture that the neighbors are in a similar situation....?

Our financial situation enables us to seek for either sellers financing or hard money.

(c) Prohibited transaction(1) General ruleFor purposes of this section, the term “prohibited transaction” means any direct or indirect—(A) sale or exchange, or leasing, of any property between a plan and a disqualified person;(B) lending of money or other extension of credit between a plan and a disqualified person;(C) furnishing of goods, services, or facilities between a plan and a disqualified person;(D) transfer to, or use by or for the benefit of, a disqualified person of the income or assets of a plan;(E) act by a disqualified person who is a fiduciary whereby he deals with the income or assets of a plan in his own interest or for his own account; or(F) receipt of any consideration for his own personal account by any disqualified person who is a fiduciary from any party dealing with the plan in connection with a transaction involving the income or assets of the plan.Purely my opinion here, but the between interpretation would seem to make sense as the proper intent of the code. 

Is there anything else that is needed to be done to be able to terminate lease early in such situation?