I am probably not the first thinking this, but any merit to this thought?

You have to look at each deal on its own merit.

The list and article by Realtor.com has it's merits.

In most cases, best practices when a buyer is buying an existing business is to structure it as the sale of specific assets into a new business entity with a carefully crafted asset purchase agreement so the buyer can avoid accidentally assuming unwanted liabilities of the predecessor.The points about avoiding some conveyance fees and tax reassessments also have merit, but in my opinion they aren't as significant as making sure to avoid undiscovered liabilities.

Co-signers are not reliable.If a applicant can not stand on their own merit they are not worth the risk of renting.

"Going all the way" can be costly especially if you loose, but even if you win, the judge may not award you the legal fees and expenses if he/she believed that the suit was filed in good faith and had merit.

Thanks Bill for the info.I do still have a question though.I know that commercial mortgages are based more on the merits of the property compared to residential.

Looking to judge merits of going this route, how easy it is to attain (i.e. what rates to expect from bank, what Loan-to-Value likely to get from a bank, how this impacts Private Mortgage Insurance, how streamlined the process is, etc), so as to help determine whether this makes sense versus a Home Equity Line of Credit, or just selling the property and reinvesting the cash, avoiding the tax of doing the sale by assuming the property I'm selling is either my primary residence or an investment 1031 exchange (in my case, both apply, with different properties)Thank you!

However, you strategy has merit especially since your goal is monthly cash flow sooner rather than later.BTW, Are you happy with your property manager? 

A lot of investors prefer using extra cash to buy more properties and just let the tenants pay them off for them, but I think he has a unique idea that has some merit.