@Kusum Chanrai - I have a colleague who purchased a condo in the low $1M range a year or so ago in the Mission Bay area, as the cost of housing in that location will likely continue to appreciate due to the new stadium being built there.

These standards vary according to when the building was constructed.

Listen politely, and continue with whatever you were going to do anyway. 75k wasn't an arbitrary number thrown out there for no apparent reason.

However, if you do not continue to pay rent, you can be evicted.  

How do I go about getting the funds to bring the mortgage current so I can continue making payments to the bank via lease option to tenant-buyer? 

That is my why but your interests and mileage may vary.

There are some customers that I enjoy working for so much that I may continue to work for them well beyond the time i need to. 

@Michael Gayer JrHe still should complete them, plus W-9 which is the most important one.State taxes have nothing to do with it, it is for Federal (IRS) taxes.If he continues to argue - then I would not hire him.

Looking forward to networking with local investors and professionals in the area and continue expanding on my knowledge through BP.

-I can continue renting to the current tenant, replace with another if needed down the line, and before the 5 year mark, put it on the market and sell my option, keep the difference as profit.