Explore FHA or conventional loans based on your eligibility and current market rates.For a medium/longer term strategy, keep an eye on interest rates for potential refinancing opportunities for Property 2 when rates are more favorable. 

Jorge,I am by no means bashing you, but it seems like the title company which you hired is perhaps not as familiar with subject to or other creative financing positions.

Option 1: Keep the home and rent it and cash flow about $2,000 per month while it appreciates.Option 2: Sell the home and cash out.Option 3: 1031 exchange the home into 4-6 units in Knoxville which would be about the same value.More info: Riverside as you all know is a great appreciating market but not landlord-friendly being in CA. 

Again, you will certainly lose some, but may keep some.  

Keep in mind, the "company applicant" isn't necessarily the "beneficial owner", and there is a whole section for each on the BOIR.  

Ideally something that is on web/app that'll allow me to keep track of different items come tax time. 

You just need to make sure you keep up on the maintenance and make sure everything is kept up.I might also have a 3 or 6 month inspection of the premises.

That is really the epicenter of growth in Metro Phoenix for the next decade.Since Metro Phoenix has a healthy inventory of homes in your buy box and interest rates are keeping many buyers on the sidelines, it's a good time to be a buyer in Metro Phoenix.Hope this helps,Melanie

I would like to keep things as professional as possible for the property nevertheless so would love to hear any tips or suggestions of landlords in how they personally manage their properties?

Also keep in mind the demographic and needs of the renter you're targeting in the area you buy...there's a big difference in getting a house rental ready vs retail ready.