I would not eliminate OKÇ based on tornadoes, that is why you carry insurance.It will very difficult to find something in Austin that fits your budget.  

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

I'm also based in California.

Anything Lee touches turns to GOLD! 

You say you're based out of Vancouver yet your profile says Seattle.  

“A new Michigan law bans many landlords from rejecting tenants based on source of income, like housing vouchers, veterans’ benefits or Social Security.Gov.

Lendbase helps clients that other lenders won't touch.

The lot size, the pool, and the quiet cul-de-sac location provided great bones, and with the right upgrades and modern touches, it could command a much higher price in the competitive Hamptons market.

We don't bait and switch, we work deals based on actual details of the client's specific deal.

Based on what you're telling me, I'd also advise you to begin the process of evicting/non-renewing the lease.