I'm interested in networking with local investors and perhaps establishing partnership land trusts.   

We don't know your objectives nor any/all of your exposures.Since you original established an entity for some particular reason, it's really impossible to say what you will do to further complicate your situation.It would appear on the surface that you are trying yo do thus in the cheap rather than seek the professional legal and tax advice that you truly need.

Thanks for tagging me Matt.If you are establishing a new business and expect net profit from earned income to be over $40k, then an S-Corp makes sense.

@Ryan Gillette that is a good idea, i did not think of that when i did exactly what Jonathan did for my daughter, i bought a single family and rent out the other 3 bedrooms. i did equity my home and paid cash for that one, but i wish i did it the way you said. that would have helped my daughter establish credit and it would have helped to establish that she was an in state student and she would have qualified for in state tuition. 2 more positives for setting up as Ryan mentioned.

REI meetings`and materials appear to be the most popular, the organization is well established in the investor trenches. 

You can either establish a local Broker/Agent relationship to get this done or find a way to just run comps to get an idea of what the home is worth.Good Luck..

To access that better the OP has to get a better handle on the current value of the property and the amount of capital it will take to cure.  

@Boyd Dixon - I have cash invested in them but looking to create a relationship with a local, community bank to establish a lending relationship and try to get cash out in 2016.

If we are able to establish and maintain a good landlord-tenant relationship by using open-honest-clear communication, by providing good value, by keeping our property well maintained, and by treating our tenants respectfully and fairly, we are likely to have better outcomes.

I am planning to use Self Managed Super Fund (based in Australia) through establishing LLC in Florida.