I do not see a path to refinancing and see the better option is to sell the property.

I don't think 95% fail, I think a vast majority of that don't try.  

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

I mean, your doing $1m+ for a property, why not get one built like it's a $1m+ home???? 

I’m out of town this week but happy to give you my insight when I return.  

Hence why WB said index fund, sure if ya got a few hundred mill - billion+ yeah, could you imagine trying to sort out deploying a billion dollars into real estate, yikes, what a headache. 

Quote from @James Na: I also got banned from posting but I am not sure why. 

If you're a landlord or investor in the Charlotte area, you might have noticed something unusual in the rental market this winter.

I really starts with the "why" of selling.

Someone trying to earn 4-5% return they could get from a bank cd?