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.

LTRs do not face those types of situations. 

Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score.  Want to get a loan for $250k in AZ

It sounds like you're dealing with a potentially suspicious situation. 

I was hoping some folks might be in a similar situation or had a similar experience and might be able to share. 

That being said, this depends on your overall financial situation.

Most will work hard when they are doing the capital call (a few of my deals did that) but some actually called to discuss the situation.

I feel like I've dealt with every time crazy situation there is here in Chicago with squatters, evictions, drug dealers, etc., and I still love Cook County because I have a solid team and underwrite deals properly.I think @Paul De Luca nailed it on the head, though - it seems like you are quite risk-adverse, so maybe given your risk tolerance, it's not the best idea, but if it were me, I would not think twice about it, and find a rock start property manager who knows exactly how to vet tenants.

While I get where they’re coming from, there are definitely situations where a buyer asking for an inspection can be totally legitimate.

My husband and I are licensed financial professionals and we love to educate on IULʻs or different types of policies that can assist in situations such as these!