It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.

Trusting what the franchise tells you is foolish.I can tell you this: there are companies selling leads to real estate agents all the time.

Apparently @Ivan Castanon most want to try to sell you on something vs answer the question. 

Additionally, many deals tend to fly under the radar, so networking within organizations like NARPM (National Association of Residential Property Managers) can help uncover opportunities.If anyone reading this is considering selling their property management company in Texas, feel free to share—I’m genuinely interested in connecting.

I just heard a strategy of selling points instead of buying points.

Keep in mind banks still pool forclosed assets together and sell them all together as a group to one company.  

This would allow you to sell a property you had purchased with the intent of holding for productive investment use. 

If you decide to sell I would sell it vacant.

They would either be capital improvements or costs of selling, most likely. 

I would consider selling one of the properties, paying off the debt, creating a reserve for your remaining investment, and ensuring you are 100% financially stable before you invest again.