Although the journey has been worth it, I've sacrificed quite a bit from a personal lifestyle perspective, relationships, etc.

After looking at your post, I realized it's probably necessary to have a dedicated real estate attorney handle this issue for me since it's serious and I might make a mistake big enough that probably will cost me too much money to fix.

I am the only person that will be able to update you in this matter.

Personally I am thinking 1c.

Hi Ivan,Agreed,  very intelligent person.

Quote from @John Friendas Quote from @Patrick Roberts: If you are on the note or personally guarantee the debt, then it will affect the liability side of DTI, regardless of whether the lender reports the loan on your personal credit.

How to Handle Project Changes?

Contents (Personal Property): most homeowners policies give a set % of the Buildinglimit for Contents.

My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection. 

How would you handle deductions for a long-term tenant like this?