Quote from @Bruce Woodruff: Absolutely zero reason to have a license.....unless you want to be in the business of helping other people buy/sell houses.

You have 2 options when that happens…panic and sell at a loss, or sit back, collect your rent checks, maintain your property and, in the future, sell if you need to.

The condo is being offered at a great price, however, and it's a wonderful building with great amenities.While I am able to find other lending options, my concern is regarding when I eventually have to sell the property.

While I believe your coverage under the policy may terminate if you sell the property, the insurer could agree to continue the coverage if they agree to the bond. 

Quote from @Adner Safaite: Have a condo in Naples fl 3bd 2 bath that I want to sell.

Also for all the value they provide the number 1 thing they all exist to do is enrich the Guru and give him a captive audience to sell more stuff to. 

Sell it rent to own as-is for slightly below the ARV.

I'm looking to learn how people in my predicament (total beginner) can find their first investor(s) to sell their contracts to.

@Paul McEvoyHey Paul, I see what you mean about the NJ Shore market being super tight on cash flow and rising taxes, it sounds like your properties would sell quickly given the demand and values, a couple options to consider are either selling and taking that equity to invest in markets with better cash flow or using creative strategies like 1031 exchanges to pivot into multi-family or single-family deals in the Midwest where you can get off-market undervalued cash-flowing deals, it could turn that high equity into steady income without the headaches of low yield and rising taxes

If it doesn't sell it's getting rented out, but that's going to take another month if not longer.