I keep going over how many other potential properties I could have purchased  and had actively bringing cash flow at this point if I’d have let this one go and moved on.

So can't do any short or medium term until the lease is up which is April next year.I have been thinking about about 1031 exchange as well but I will have to be ok taking a considerable loss on both properties.

Despite the Interest rate and Housing Crises, there are many people who are realizing the importance of Cash flow and Passive Income, and with current Interest rates, is it Realistic to seek a Cash Flow Positive rental investment, considering that you have bare minimum equity in the Property?

Cash flow is about $250 per month, but I currently have about $140k in trapped equity in the property.

Find something you like, run some numbers, make sure you're not losing anything crazy per month (because it's tough to cash flow in Denver right now), and then buy. 

I am using an app for wholesale listings in my area but even those won't cash flow as buy/hold (it is more for fix/flip).

Annually, the Management LLC would "distribute" to the Property LLCs, but it would all flow thru to your 1040 Schedule E - unless you get partners, which would require a 1065 return with K-1 distributions to the partners.

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

Despite higher interest rates for the mortgage (7.625%) and the HELOC (9.5%), we are still positive cash flow.

If cash flow is your main criteria, chances are you'll be looking in the Midwest... markets like Detroit, Ohio, etc.Happy to help if I can.