I suggest implementing criteria such as minimum credit scores, rental history verification, and other relevant factors to ensure you find reliable tenants.I would be happy to share our screening criteria that we use to assess each applicant.

One option would be to leave the existing LLCs as they are and implement a new strategy going forward.6.

I don't want to overcomplicate unnecessarily and pay the Atty for a complex system that is time, expense, and challenging to implement. 

How has this implementation been producing the last few months?

It's DATA.How you collect it, how you interpret it,How you implement it, and how you make decisions on that data.Math is absolutely included as a part of it.Here is why I say this.People like Brandon Turner used to promote  "make 200 offers a day on the MLS and something's got to give".

The rental agreement is under-market rent for the area by ~$400/month and my strategy would be to implement a rental increase or end the current agreement with the proper 30+ day notice.

I have been working on my goals and plan to write them out so that I can soon implement them if the right opportunity arises.

Figure out the money you'd need to take action on that plan and either save til you have that or find a partner that shares your goals to implement your plan together.

Any creative strategies I can implement that would allow me to tap into the my equity?

Once you have it running smoothly and have implemented some automation, you can revisit self managing.