My motivation to sell was because I figured I had just purchased an investment in a bad area, and I was essentially doomed to make a profit/even break-even on it.

Typically I am seeing investors put down 30-40% to break even or cash flow a bit, so that is about the same as your 80% coverage ratio. 

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

You typically can't change the responsibly part on a loan, you'd have to refi. 

To locate a property owner, you can typically visit your local county recorder's office or the tax assessor's office.

Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!

That is typically 2x most note funds.

or an income play which typically provides lower yield because they typically inherently have lower risk

If you can do a renovation loan with 203k or a homestyle loan to house hack a 2-4 unit multi-family, that typically has the highest potential for equity gain with the lowest cost.  

The folks cheerleading that it’s easy or typically the folks that haven’t done much of it themselves.. hopefully that’s a little clearer. just need to do robust SEO  or so thats what I have heard.. all our deals come from Networking ..