This is a seasonal business that is working out for now and is decent cashflow.

as a new agent you need to decide where you will hang your license,(broker), you dont work on your own, part of the idea is than an experienced agent will over see you and help you work,there are many companies out there, interview with a few, let them talk, most would rather hear themselves anyway, steer clear of more independents that boast letting you keep more, not for newbees, i started out with national chains till going to remax after many years, the chains will will have additional training for you, I also mentored two other agents after hitting elite status on nationals, be ready to give some of commission for mentoring, dont volunteer it up front, you will have many fees to pay starting out, sometimes you can also be an assistant to a major agent too, you will list thru a multiple listing service that other agents used to find houses, public too, they cost also for membership, on your own you cant list on craigs and do open houses, there are some who only list and some who only sell, and some inbetween, if you are lucky enough to get both sides, suggest you get someone else to take buyers side for transaction if you have iron clad relationship, or stay neutral, some list only to take buyers elsewhere, one house one sale, one house many buyers, what ever you do stay intouch with listings, plus with national agency lots of experience, lots of ads, national website, referrals,traing avail if you got in this to work from home and make a large commission right away you got sold, fees will eat you up, sales take time, money and experience, some get in it to buy their own, that is an option too, do lots of phone time, stay friendly with all in office, avoid politics of all kinds, do rentals to pay the fees, they can  turn into buyers, expect to make first listing within 3-6 months, sale 6 months, till up to speed, my standard was 2 of each a month, some more some less depend on season, can tell you stories.... doing floor time once had buyer walk in, said wanted to spend no more than 2, turns out was million, no one wanted to do floor time, also my first listing was a real frank loyd wright home, other agents would me give their rental lookers, be willing for all, I worked in area of NJ where a famous golf course is, was one of few that belonged to all 3 mls, so had advantage, a $1500 corp rental relocation will some day buy, get to know the relo person, we used to give nice gifts to clients, make it something they will see everyday not flowers or candy

@Andrew Caleb BellIf you transfer the property from your LLC to your personal name, the lender may require seasoning before you can refinance.  

Seasonality affects the market so what it appraises for now may be different than what it appraises for in 120 days when rehab is done and you are in escrow with a buyer.

The note is10 years into a 15 year term so it is quite seasoned.

Its the seasonality, but I suspect its certainly something to do with COVID unfortunately -- i also have 3 units vacant, but im upgrading them now, and hoping by mid summer things will alleviate.

The way I see it, we probably won't see any income coming in on any of the units till possibly Aug-September and by then we'll have burned thru all reserves and roll right into tax season and be facing fat tax bills due.  

Of course it would be easier for us and the banks to go the traditional route of financing, but then there are the liability issues, seasoning rules, etc.

Properly arrange pillows on the sofa, take wrinkles out of bedding, unplug and hide an electrical cord and make an effort to de-clutter the room for a clean marketing photo.

It will probably take at least a year to do necessary rehabs, get occupancy up and then you need to have it "season" for 6mo to a year for the banks to feel confident enough to provide you with financing so you can cash out.