I have had a meeting with the companies legal department and they stated a few things which I will list below. - The new company must be a corporation. - I will have to be an officer of this corporation.

Your net worth from this property is just its value minus the debt.

Can a management company get the tenants out in a kind and legal way?

You will need to understand the landlord-tenant laws for your jurisdiction and follow proper legal procedures for terminating an existing lease. 

The "health concerns" complaint is simply an excuse that the tenant believes is justified to legally break the lease. 

The trustee will usually be instructed to bid in on behalf of the lien holder the total of amount of the principal, interest owed, late fees and legal fees, as well as any other legitimate fees incurred by the lender.

If you are selling property, there is a lot that goes into it including marketing, staging, planning the open house and the legal aspects.

One opportunity I am looking at is a 3-family home; however, it is not currently a legal 3-family.

Debt service?

And plus, it is a rent controlled house. we wanted to get some legal advice before taking any actions.