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

If anyone has tips or suggestions, I am more than open.For better or worse, I am taking a leap.

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

I was told that a ground-floor condo are better than a second floor condo ( If there's no elevator and Stairs are present).

I would have answer to the questions then with those answer, I would ask, can you find a better deal (equity, cash flow, appreciation potential etc.) that better fits your portfolio and is it worth the extra time?

When looking at deals, learning, getting better and thinking smarter as an investor.

I checked the Better Business Bureau for complaints, I checked the NJ State Attorney General consumer division to ensure he was licensed, I checked every reference he gave by visiting sites and speaking with the homeowners. 

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

Typically to grow a real estate business and raise money you are better off partnering with someone.