One of my properties is a mixed-use building with 4 apartment units and a convenience store.

You'll find a lot of mixed reviews on this topic, so make sure you vet the company well beforehand. 

I like to use a mix of the 2024 HUD Fair Market Rents, MLS previously rented units w/ pictures to see what type of tenant expectation aligns with the rent price, AND Rentometer.com to get a bunch of data on a new market.

Purchase price: $1,730,000 Cash invested: $560,00014,000 SF 11-unit mix-use building consisting of 2 retail spaces and (9) second floor apartment units.

It will end up costing you unless you're already a skilled contractor type individual.Get to know your neighbors that maybe around your property, especially if you're in a HOA situation where there's a mix of STRs and residential properties.

But since this is mixed use and a single structure, they'll default to other ways to demonstrate correct intent (rental income,  depreciation, length of hold, etc.) 

I concur with everyone, best to check for medical emergency first in this case, after that's been established as NOT the case, definitely time to get yourself into the mix and remove that manager asap. 

Any reason why we’re mixing RE holdings and S-Corporations?

Keeping thorough records of all expenses is essential for tax and compliance purposes.To make it easy, I recommend just keeping everything on the one account and avoid mixing in other accounts.  

Money and emotions don't mix well.If you own quality assets then you can just let them run at break-even, reinvest the cash flow into repairs and improvements and let time do its magic.