More than likely, you will need to meet ingress and egress requirements - Illegal renting is tempting, but practically suicide.

I call him bomber. 

I have had one suicide over it and one attempted..

Suicide results from an illness.  

And what you stated aren’t options, they are suicide attempts.

The partner calls it a financial suicide and I understand, but I can't really do anything myself at this point.

In reading the book, Rich Dad's Cashflow Quadrant Guide to Financial Freedom, Robert Kiyosaki says you should learn to be a business owner first and understand how to build systems and work with people before jumping into investing, otherwise, it's financial suicide.

After doing the program for couple of deals, I find out it is almost impossible to make profit on doing Flip with their system, since they are providing these stuff:1.Sourcing clients with deals on Zillow, that is anybody can do that, you can't buy a property with very low prices2.Asking un-credited investors to borrow Hard Money Loan, I don't really think anyone don't have much experience should borrow Hard Money Loan, with balloon loan mechanism, it is basically teaching new-bees to suicide.!

James immediate reaction was that he feared Steve might be considering suicide.

I'm from monmouth /ocean but I was not planning on investing in these areas that would be financial suicide in my position.