Is the rental in the same city you live? If so, you could save some money by handling the management yourself and selling on your own.
Since you are military, I'm guessing it is in another city. (?) I would still look at selling and financing the remainder as others have suggested. You would no longer have management fees, maintanence expenses and you wouldn't keep digging a bigger hole. With a loan for the balance you would have a known quantity to work towards paying off.
If I remember from an earlier post, this rental was to be a college fund for the kids right? You'd be better off saving for them directly into a mutual fund. So, much less hassle.
From one military wife to another...you are doing great!! Keep up the good work.
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