Markets generally slow during the fall/winter season.

Sell the home- I would keep the home vacant and wait until spring season to sell.

Unless you are a seasoned real estate investor with professional title searching skills, I wouldn't do this.

A couple options… 1) Coast as is until March for better selling season, more buyers, higher price. 2) Raise the rent at least half way to market.

Whether you're a seasoned investor or just getting started, I look forward to learning from and collaborating with you all.Let’s connect and grow together!

If you are paying no rent in your parents beach house that could bring in a lot more to your family being rented as a beach house during the season. 

And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

You could also JV with a seasoned professional.

I work with newbie ( and seasoned ) CA investors every single day, helping them find some great properties in the Memphis area. 

Proper bookkeeping now will save you so many headaches during tax season and as you expand your portfolio.Best of luck as you grow your real estate business!