I've heard that if you transfer ownership (in this case from me to the new LLC), that the mortgage company could exercise the due-on-sale clause?

The title company plays a huge role in the structure of the deal and how smooth the deal goes.

Frias has a Bachelor’s of Science degree in Exercise Physiology from the University of North Texas.

Yet, if I end up with a property that is not what I thought it was, then resale will play a vital role.  

About all the broker's license teaches in addition is more about contracts and the laws you must obey and also the responsibilities of stepping up to that role.

Eventually you'll realize these start to break down into "jobs" or "roles" in your organization.Finally your Mission is the the task at hand.

The rule is that the replacement property needs to be equal or greater value.So thanks to an old IRS 1031 rule, you can sell your old properties without paying capital gains if you exercise the 1031 and follow their rules.

I can see no downside to having a professional PM.As I reread your post I get the sense that you want to find a small team of partners where your role in this team would be to be the money person.

If that's the case, the entire amount paid before exercising the option could be applied toward the purchase, which would obviously be a great deal if your alternative was a hard money loan or other high interest rate loan.

Even if you don't end up buying the place, I think doing this analysis, playing with the numbers, and seeing where and when your profits come will be a good exercise and inform your investment strategy.So, no I don't think that 70 would be low ball at all if these numbers are correct considering the work you'd be putting in and risk.