@Joseph MuleroTo boost your rent plan and make more money in the medium-length rent market, think about these steps: slowly add furniture to the new place while you stay in your current home, pick cheap furniture, use a credit card with good terms, look into loan options like personal loans or home equity credit lines, try out the market by listing the place with few furniture pieces, aim for easy-to-change furniture for flexibility, and talk to pros like real estate agents or home decorators.

Also a bank statement loan if you deposit income into one account can be used as income piece.

I am in San Diego, it is not hard to find properties with ADUs sold recently.The easiest way is replacement cost but not the most common - that's an important distinction.

Use that money to put down on a real piece of property that offers tax benefits, appreciation and less police traffic.

Everyone who touches the property along the way has to do their job, or at the end of the line, you'll have a vehicle with missing pieces, wheels that have fallen off, a vehicle that cannot be trusted and a client who will be shopping for a new PMC.

Looking for some advice if this seems normal for closing costs on this piece of Land my wife and I are trying to buy.

That's an important piece to know before you look at managing for others. 

They want to sell the notes at par (even ones closed 2 years ago at 8% vs 15% today) which makes it even harder for me to do without the put option, but my thoughts are that they already have the sales channel in place & have already sold that piece of land before, so it is overall a net gain if they sell it.I hadnt considered the extra complexity & especially liquidity from their perspective & needing to account for it, so that is a good point.

@Freddy German, 2 other pieces there: I am not positive, but I believe you need to have 2 forms of direct egress for basement units.

A tenancy-in-common (TIC) is when multiple parties collectively own a piece of property and have assigned use of different units within the property.