The house is a new construction in a Class C neighborhood.The tenants pay late rate ~50% of time, they damaged part of the garage, they have people not of the lease living there, and they leave trash in the yard.Part of me wants to keep these tenants because:-They do pay eventually-I don't want vacancy-The turnover costs could/will be high-How much more damage could they do?

Your existing low interest rate mortgage is an asset that you likely won't get again.To Your Success!

For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market. 

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

That worked well when rates were 3.5% but that "strategy" no longer exists.

Many investors start their journey by diving into individual distressed property deals, but if you want to grow into a high-volume operation, it’s essential to change your mindset, strategy, and execution.

Is it possible to get a FHA at a good interest rate with just a good credit score and proof of my start date?

Leasing, technology, interest rates, sustainability, AI, etc?

The trust would also acquire the new replacement property. 3) If you are renting the property to a related party, please keep in mind that it should be at fair market rental rates.