Buy/Sell Dilemma: STR's in Branson

[David Nunn]

Hi Everyone,

Hoping to get some advice on a situation I'm in if anyone would like to take a shot at it.  

My wife and I own a couple STR's in Branson. We made some rookie mistakes on the first purchase out there, it did well at first, but is now losing money each month, and the market is flooded with similar properties for sale (and they're not selling). We're under water on it. The other is doing well, and we have a bunch of equity it it. We also have a third awesome unit under contract that we got a killer deal on, contingent on the other two selling, which they are not. We'd prefer not to sell property #2, but need the cash to buy the new one.

These are all condo's so we're pretty limited on upgrades to try and stand out.

What would you do in this situation?  Any creative options to sell the old one, even if we have to lose a little in the sale?

Thanks!!

 -Dave