I appreciate the feedback.  

The issue I see is that market has historical appreciation below average (not bad, but slightly poor).  

What's your recommendation for appreciating neighborhoods in Birmingham?

Some questions that I would greatly appreciate answered: 1.

However, corporate conversions can still trigger taxes, especially if the properties have appreciated significantly.Corporate Spin-Offs (If Eligible) – A Section 355 tax-free spin-off could separate real estate holdings into multiple entities owned by different investors.

I used a heloc to purchase the first 4 rentals, so $155k of dept is wrapped up In  that until I refinance each property which have already appreciated extremely quickly given the current market. 

Since you’re focused on buy & hold multiplexes, consider networking with local investors, refining your underwriting skills, and researching markets with strong cash flow and appreciation potential.

I really appreciate the tips and will definitely look into connecting with local agents and attorneys.

If your goals are long-term - this market will offer a ton of appreciation and steady renter demand.

I love the prospect of Frisco but it seems to be appreciated quite a lot.