I'm looking for an option that I'm missing (or misunderstanding), but it may not be there right now.1) We used to have family in Frisco and we like the area. 

You need to protect yourself and your investor by eliminating misunderstandings down the road.

I think this conversation showcases a fundamental misunderstanding of how trusts work in the courts, which I see a lot with land trust courses and gurus.

I'm sorry if I mistook your remarks for something they were not and appreciate your ability to politely explain my misunderstanding.

I find that income requirements to be approved for a home is one of the biggest misunderstandings when it comes to working with housing vouchers, so yes to best answer your question to calculate income requirements please calculate 3*s the tenants portion.

@Tim Herriage I'm sure I'm misunderstanding you when you say you average about a 7% higher net when you close?

Probably my misunderstanding :-). 

Is my thinking right on this or am I misunderstanding how this works?

The biggest misnomer and misunderstanding on that topic is that people are getting results with Carrot because of the “stock content” that comes on the sites.

I don't know if you wrote it in a hurry or if you misunderstand the IRC.