This, of course, is absolute bullcrap.Good luck!

Although, I completed several gut renovations including garage conversions, in the past, I recognize that this is a different beast.

This is a time consuming business.

If you don’t have a backup plan, you’re in for a rough time.I don’t say any of this to scare people off—I’ve navigated all these challenges and built a great portfolio.

This number carries over into the two replacement properties.You don't mention capitalized improvements so I have to assume that your adjusted cost basis in the relinquished property is $230k. 

Why this approach works:Less Competition – Most investors ignore lease options because they don’t understand them.

Is this a conversion that will also require substantial renovations?

DTI < 33%I've been constantly getting advised by my real estate agent (& i've discussed this with multiple agents) that if I add any contingencies to the offer, it won't stand a chance in the bay area market.If that is the case, how do I protect myself from challenges which could be found during home inspection / pest inspection related contingencies?

I have been a member of the BP community for awhile but have not formally introduced myself through this forum.

In this scenario I would place that amount in escrow and have it auto-debit monthly until the funds were depleted.