Because the owners of Licensing Experts pay ALL CASH, the closing usually occurs 3-6 weeks, which is very fast compared to traditionally financed commercial deals I've seen on Bigger Pockets.The whole thing hinges on their very clever technique of getting existing commercial retail tenants engaged, willing to move into their newly acquired properties who are coming up for a lease renewal or lease expiration, rather than marketing for new commercial tenants - which would take way too long.Licensing Experts is somewhat of a "front" for their Mentorship Platform, as they evidently have many of their own separate entities for which they use to actually purchase and close on their commercial properties assigned by their mentees. 

The current 99 year lease started in 1987, not 1945.

@Gash Nookala,Renting can indeed be slower in winter, but here are some tips to boost interest:Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.These steps should help you find a tenant despite the seasonal slowdown.

Without knowing much, I definitely encourage you to explore a lease-to-own option. 

I don't use padsplit (weekly rentals); I rent on long-term leases in B Class neighborhoods.

Does the condo have STR restrictions (some only allow one-year leases)?

With the lease up for renewal next month, we’ve decided to keep the rent at the same rate for this year.

If you’re into management sims, it’s worth a shot, especially on sale.On a side note, if you’re into trading or selling in other games, platforms like here can be great for managing in-game items or cashing out from games like CS2.

And back to '08', what do you do, DONT SELL, lease it instead.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.