You then will pay some long term capital gains, but you also have to take depreciation recapture. 

I am currently a sales manager for a commercial tree farm and have recently been consuming Kiyosaki's books like they are candy.

My property is in 5th ward but in a more gentrified area with several new builds on the street that are occupied and 4 more being built on the street that are all for sale.

Who pays when the resident breaks the agreement and quits paying? 

They will pay a higher mortgage payment because they are not trying to cash flow.

Quote from @Eyal Goren: I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property. 

I am five months in quieting a title on a home/property that was initially obtained by my father in a tax sale.

These guys are having fun because there are a lot of scammers and gurus out there selling LLC creation services and Wyoming Trusts and Cook Islands Trusts and if you believe all that b.s. you will end up needing to cash out refinance soon in order to access that equity in order to pay for all their services plus an accountant to keep track of the mess.

Look at what high interest credit cards you can get rid of, pay down, or move to zero interest promotion cards for say 15 months etc.

I have spoken with them a few times, they are unconcerned, and happy to have me just pay the interest every month until it converts.