Family financial dealings of any kind are fraught with danger as one is always walking on egg shells.

I received some bad advice and went with an S-corp structure.Not giving financial advice but I was informed that the LLC doesn't have any real tax advantages because all the income passes through to the owner(s).

What she thinks I ought to do is make the tenant financially responsible for the rent of the entire Lease Contract (1 year).

The goal is to use real estate as a vehicle to achieve financial independence! 

My end goal is financial independence and my plan is to use my savings from my W2 job to invest in more passively managed real estate that will cash flow positive and build equity over time.

I am in the same boat looking at becoming Financially Free with Real Estate.

Might talk to local property managers to see what they say.I personally wouldn't use a live-in property manager for a multi this small, just doesn't make financial sense compared to paying 8-10% for an outside manager.

From what im finding, some home owners are just "tired of their home", "in a financial bind and need quick money (regardless if they get the value of their home or not?)"

I have have also heard good things about Vibrant.All this, of course, depends on your financial state,  experience and and the deal.

If you plan to do that it is okay but remember to run your numbers with that scenario.Brandon has said many times the first property you buy won't make you financially rich... it's the education and confidence that will lead you to the next deal and the next deal and the next deal... that will.