One option is to buy the home and pay them out in installments rather than taking out a bank loan right away.

We have done lots of research about the city, but I know there are things that can come up from people with experience, especially since we are OOS (and out of country too actually!).

Do you limit the term to 6 months to begin with, or 30 days minimum stay and negotiate an option later on?

I am thinking of taking that option and also discussing with a lawyer how I should prep for it. 

Most lenders will use the lower of actual rents vs market rents regardless of section 8/non section 8.

Seems to me my options are...SELL - If I were to put it on the market I think I could reasonably get $2.8M - $3M, but at a 2.9M sale price my return on my initial investment is only 38%, or 7.6% a year over the 5 years.

Scrren PMC's by asking if you will get the material invoices AND the actual invoices from any contractors they hire. - Be prepared to pay for a PMC's time!

Airbnb.org, the nonprofit arm of airbnb.com, offers hosts options to assist with emergency housing in times of crisis, such as the 2025 Los Angeles wildfires.

My two favorite loan options for getting started are the FHA 203k or the Fannie May Home Style. 

You do not need a court hearing to move forward.You can read my book to get more details, but you essentially have a couple options. 1.