I understand there is decent cost associated with cost segregation study and having a reliable CPA who can help us with the process.

I'm on the lookout for investor-friendly title companies and lawyers.

Will we be doing it ourselves or maybe we need a reliable investor friendly contractor to help out.

Also, have an attorney and/or work with a title company to help you draft up the paperwork and close the deal. 

If it's a trust naming a person that has passed away, there is a person that is named on the trust to perform this for the person, or lawyer.A lawyer, or escrow company can give you more insight on the forms that are needed for this type of transaction and how to get them signed and processed.Good luck.

My property management company is willing to handle and manage the repairs (but since it'll be expensive I will likely want to go there so I can manage some of the repairs and pick out my materials).Out of the 3 options, this would come with the least amount of tax repercussions.Cons: Moderate stress.

If you have full time property management, it is hard to say you were the one doing "more then anyone else" since the management company is taking care of everything.

Nashville, TN is having some major companies like Alliance Bernstein have moved into Nashville, bringing the population up and new jobs into Music city as well.

Best would be a full time position with a REIT or other company that’s purpose is to invest in real estate.  

My insurance company had a harder time insuring it than the lender had with it.