If appreciation catches us, shave off a year or quantity I buy.30-33% equities, 28-31% private equity/small business(almost tapped out of growing this one), rest fixed income.

If not, they aren't his responsibility and it is up to their biological father to help pay for their care.Michelle is right "You gave the mouse a cookie and now she is expecting you to give her the milk too." 

However, desperate sellers aren’t looking for $2500 to tie up their property for 6 months, they’re looking for the fastest sale possible.  

You also have to be very careful when documenting your journey that you aren't giving advice because you don't have the experience to, just document it.

I’d only be making offers to people who aren’t able to resolve their issue after we’ve exhausted all options.Your point about the probono attorney is a great one and I hadn’t considered it.

They aren’t tenants if you live with them.

If I HAD to pick one of your 3 options, I'd probably go with option 3 because it's likely the one that you can achieve the quickest... especially if you aren't concerned with cash flow. 

There are many reasons why things can look bad on the outside, but they really aren’t.

Why aren't more bigger/experienced investors doing this?

Can be profitable ,BUT, my experience as a hard money lender is that there are many companies operstimg in this field that aren’t very stable financially.