What formalities would I have to go through to make this happen.

@Jessica Howell To transfer funds between LLCs, use a formal loan agreement or document it as an equity contribution while maintaining clear records.Depositing personal money into an LLC should be treated as either a capital contribution or a loan with repayment terms.

Best thing you can do it to buy in good locations and have a good PM rent out the property to a qualified tenant. 

Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.

If you're getting a lot of traction with prospective but qualified tenants that would like to view the unit - let them know the time that the leasing/showing agent will be there so they can view the interior.If they're going to lease the property for you - one to half a months rent is fair compensation.

In November we have seen the same exact pattern – inventory increased, prices are dropping, and the time to procure a qualified tenant increased.

Even if there isn't a lease in place, underwriting can use market rents from an appraisal to qualify.

Our mortgage was significantly higher than our flood insurance, and I don't know if we qualify to try to apply for FEMA or if there is other assistance, and if so, if we would apply as a business (we file it on our personal taxes as rental income).

@Dennis Boettjer, I will echo's Brian's comment and add: also take a look at some of the threads in the Syndications review forum: https://www.biggerpockets.com/forums/960I do not mean this as a "here are people to invest in or avoid", as there are some groups going through current issues that, personally, I would qualify as fairly strong syndicators, overall.  

The judge grants judgement and formally "orders" the sale which also occurs by public auction.