I would love to know of an alternative to what I'm contemplating.

I am contemplating this same question in the Dallas market.

This agreement, and all transactions contemplated hereby, shall be governed by, construed and enforced in accordance with the laws of the State of California.

I just sent 100 out last Monday and have gotten 20 call backs so far. 3 of them look to be real deals.I was contemplating this same thing last week and read some older posts on the subject and they all favored to keep marketing during the holidays.

What you are contemplating isn't a normal arrangement, but done correctly should work.Normally you would borrow from the HML (who would be in 1st position) in your entities name and make the payments from cash on hand.Since oftentimes, fix & flips go over budget and take longer than anticipated to sell, make plans for that in your financing and contracts.

What would make them HAVE to buy your home, then focus on that.Trust me on this one, just take a few moments to contemplate this some, and you will amaze yourself with the ideas you get.

I also have been contemplating getting a mentor or partnering with someone with experience who can show me the ropes since I learn best through hearing and doing.

But having second thoughts , since Elon Musk is contemplating in building a Spaceport nearby. 

The idea that you can only improve a SFR to the market rate makes a lot of sense, and has caused some seriously deep contemplation.

Still contemplating everyone responses and deciding what approach fits best with our tenant.