However, the more I learn, the more I think on how to capitalize on the benefits from the deal

I'm glad to connect and see if I could be of benefit to you in regards to advice on your investment and any other potential questions you might have.

Try to see the big picture when getting started - maybe seeking private / hard money to get in to the deals where there is more profit potential could benefit you.

Despite current unemployment rates maintaining below 5%, the recent rise from 3.8% to 4.2%(recently revised to 4.1%) is significant, especially when considering wage growth adjusted for inflation.Over the last few years, the median household income has dropped by 7.2% when adjusted for inflation (and this isn't even considering volatile food and energy prices), a troubling trend given that inflation has outstripped income growth.

@Joseph Henry Renting could net you $2800/month and offer tax benefits like depreciation, but you'll face future maintenance costs for the furnace, A/C, and roof.

In some states there may be some benefit, but personally I have not seen a reason why a land trust was ever needed. 

I had let my guard down and given a tenant the benefit of the doubt (a tenant who is (now was) a CEO and raised millions of dollars for a newsworthy venture).

Here are things that would not transfer with a sale:-2.5% interest- prop 13 property tax benefit is saving ~$40/monththese are awesome advantages that are tough to match   In addition you have achieve outstanding return from the appreciation since purchase.On the other hand, you have $300k of equity which places the LTV at ~65%.  

Biggest thing is adjust pricing appropriately. 

If this does not happen you will still have two properties getting paid off and providing tax benefits and cash flow and hopefully appreciation.