Our offers include clauses allowing us to do our due diligence before closing and protect Earnest Money Deposit (EMD).

If you don't have a US-based bank account, I would get one as that's a requirement by most lenders.

Would you be better off selling and purchasing a less expensive property that would require less carry should it become vacant for some period of time?

This was my seed money to start my business.Aug 2021 - My first rental property was a side by side town house that required me to put down $55K and generated $950 per month in cashflow. 

Follow the law and send the exact required notices. 

"variable income" will require a 2 year average of income/ earnings to qualify. 

This gives only 56 days of notice, we just realized the bill requires 90 days notice, though it is confusing as it is referred to as an ‘eviction’ in the bill. 

It requires hard work, strategy, and a willingness to take on projects others might overlook.

And this might indeed require some time to pass before doing that.You could still create a single member LLC with either you or your wife as member. 

If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.