Essentially, both sides of the story.Any advice would be appreciated.

Another resource I have been able to benefit from is the removal of high-end kitchen, baths and counters which I have stored in my Barn for future rental projects.

On the other hand keeping the property will allow you the potential to benefit from appreciation in the future on the property.Normally I would strongly advise unloading any negative cash flow property however if your purpose is only to hoard the cash in another property there is no net gain in selling.

I am trying to determine if forming an 1120 C-Corp or 1120s S-Corp will provide the best benefits?

Hope everyone can benefit from it.

I really think you have to make an assessment is this a banker/bank I can grow with or if I do this it will have no real benefit long term.for me banking is critical to my operation..

@Teowonna Clifton  Essentially you are describing doing a subject to deal and yes you should jump on it.

I daydream about retiring early and being financially independent, but I know I have to front load my efforts in the next 10 years or so to reap the full benefits later on.

Don't underestimate the benefits of truly loving where you live. 

There is a cost of entry to obtain your license.....school, exam, licensing, hanging with a broker, MLS fees, lockbox key fees, Realtor association fees, etc.However, the benefits are vast for investors as you get real time access to mls, and access to properties at your convenience with your lockbox key.