We expect to rent the bottom MIL suite which is an attached ADU within a month or two depending on some repairs. 

A corporation is an ideal choice for an active real estate business e.g., flipping. 

Some people have been investing in real estate all their life and never had a law suit, some had many.

If you as a example are a landlord there yourself with 2 to 3 other people as renters that is not an ideal situation as it is your word against theirs as to what events happened, when, and how.

For me it would make sense that you don't necessarily need to sell, you could ideally refi, have the same amount of money leftover, and do what you wanted with that money anyways, and continue to collect cash flow from those first two properties as well as any other ventures that you use the cash for.

@Melba Chambers It can be lucrative, just may take a while to find the ideal tenants.

After receiving the contact info for the properties we would like to mail, ideally, the mail house would process our order and send the mail out as soon as possible. 

We have thought about approaching them and letting them build a building to suit in exchange for rent for a set number of years since we do not have the capital to do it on our own.

The reason I ask is because you can either go the traditional route (if you qualify, which would be ideal) or the non-bank route with national private money lenders. 

There is a mother in law suite we built which she resides in and we live in the primary home now.