New JerseyWe are going thru Sheriff Sale of property to obtain title.

I am not a lawyer you should consult one to decide how to handle this after you decide whether it is a viable rental property.  

What are my options for starting this up and obtaining financing?

First off, congrats on obtaining your first contract! 

We recently started requiring tenants obtain renter's insurance.  

Would love to learn and network myself while I attend college and wait till I turn 21 to obtain my brokerage license.

Consult a lawyer on this.

As my learning continued I realized the difficulty posed by obtaining a commercial loan; due to the LLC, the interest rate (as opposed to traditional loans), 25% down payment and the high costs associated with the “Condotels”.

I plan on splitting between signing services and direct signings initially but plan to focus on obtaining direct signing business by partnering with escrow companies.

And use the Ecobee to target occupied rooms at times.We'll consult with the HVAC people as we get quotes.