Typically the "owner" of the "firm," on paper, is simply a Loan Officer or Branch Manager, and all "his" employees are actually Loan Officer Assistants with pay-stubs that say "XYZ Lending" on them.

Based on your numbers it looks like around 90k in real equity (how much cash can you really get if you sell, not the paper equity). 

Although 3/4 units sounds good and best on paper in reality it can be tougher to pull off.

This strategy looks very lucrative on paper, but it is incredibly difficult to finance since it makes the property functionally obsolete.

We have also started sending out white paper content to our brokers in the Chicagoland area to get more referrals. 

There are many markets that look great on paper, but there aren't any quality property managers to handle them for you.

Regarding limitation of taxes upon selling, you'll need to make your expenses high (at least on paper), but if your plan is to purely sell it and cash out, then you're going to end up paying capital gains taxes.

Quit claim deeds are not worth the piece of paper they are written on.

Ultimately the defendant's insurance carrier's cooperation is how the plaintiff and the attorney will be compensated as a judgment or settlement without insurance proceeds is usually worth as much as the paper its drafted on. 

Sit down with paper and pen.