Really hone in on what your local market is doing, and how it's reacting to COVID-19, in terms of unemployment rates, job growth, (or lack thereof), & population growth. 

My biggest concern with what you are describing is whether the restoration work was done properly, however I'm not getting enough information from what is here.

I needed some outside input to get things into proper perspective. 

Some never got registered properly and still dealing with that.

You can't just take funds from passive investors and give them equity, you have to go through all of the steps to properly syndicate. 

Proper is VERY expensive in this market.

I think it is a real mistake for those lacking full time investing knowledge, experience and skills to pursue a strategy reliant on an ability to time the market, or analyze proper property valuation.

Account ClosedEach LLC/legal entity will require a separate bank account and proper books/recordsManagement company - collects rents, pays for repairs, remits payments to holding LLC'stax returns - the entities will require a separate filing if they are not single member LLC's or if you elect a single member LLC to be taxed as a corporation.

I had the exact same situation twice before, and was able to work it out amicably with both initially, but ended up firing one for the maintenance portion since he was doing work that didn't need to be done or not do things that were necessary properly. 

Not sure how LEGAL or expensive or proper it is...