@Monty Alston sorry to hear about the tough situation that you are in but glad you are being proactive about it.

Really looking for tips on what to do from investors who have been in this type of situation.

Depending on your area, it can be a pain to set up multiple LLCs and keep them running.

Keep us posted on how that situation goes for you.

I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

That is lower than market and puts you in a cashflow-neutral situation, but it is unlikely your residents can afford that.

I would suggest starting with reading the IRC book all the way through multiple times.

Multiple new accounts with almost 0 posts are saying they are good....RUN 

I had a similar situation a few years ago, but it was a move across town. 

This aligns with my interest in passive income.I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies.