We would be comfortable getting the $40k investment back and having a cash flowing property and making our profit when the option is exercised in the future.Any feedback, info, or thoughts on this strategy given our situation would be greatly appreciated.

As long as you think about what you’re listening to, the audio format can combine with other activities like commuting or exercising, and let you be following your goal of becoming a successful real estate investor despite your busy schedule.

I've also made a lot of healthy lifestyle changes with my diet and exercise over the past year and cut out all the extra sugar and I feel SO MUCH BETTER.

@Aaron Moayed For rents typically in that range I see a contract minimum exercised instead of the contract stated percentage, which is usually $100

It would minimize your losses through commissions if they would exercise the option part Most likely still end up losing money each month.

You have chosen not to go, and its an exercise for yourself justifying your actions; its not.Which I said in my last posts. 

NOTICE: If Landlord fails to repair a condition that materially affects the physical health or safety of an ordinary tenant as required by this lease or the Property Code, Tenant may be entitled to exercise remedies under §92.056 and §92.0561 of the Property Code.span>If Tenant follows the procedures under those sections, the following remedies may be available to Tenant: (1) terminate the lease and obtain an appropriate refund under §92.056(f); (2) have the condition repaired or remedied according to §92.0561; (3) deduct from the rent the cost of the repair or remedy according to §92.0561; and (4) obtain judicial remedies according to §92.0563.

By personal wellbeing i mean, for me: physical exercise, meditation, education, family time.In addition to that, i writ down my weekly task every Sunday and build on that as the days progress, while crossing out each task that is completed. 

Talk to the board to make sure that they know you are exercising your ownership. 

BUT California will exercise a hefty franchise tax on each child series you create--$800 per child series as you noted above.