HI @Islah Barney,You're navigating a complex intersection of real estate, tax law, and Medi-Cal eligibility—and you're right to think through your options carefully.

Also, you should ask for an option period, i.e. the first 14 days of the escrow, so that if you need to cancel for any reason, you can get your EMD back. 

Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

Still, I think you'd find it difficult to find one that would be a good long-term investment unless you had another ~20-30 years to go, it's at least cash neutral, and you don't plan to hold it too long (to avoid too much investment loss and before you get to the point where it's unsellable because of too few years left); that's another way of saying that maybe it suits your cash needs in the near-term or is at least less of a pill to swallow than other options until you find something that's more of a sensible long-term play

But of the options you note, the only one that really makes sense to me is the CoC option. 

Honestly after I did my first deal I was in a similar position as you are.

Bloomington is a city located in south-central Indiana, approximately 52 miles southwest of Indianapolis. en.wikipedia.orgRecently, the city has been exploring co-living arrangements as a strategy to enhance affordable housing options.

My lender is suggesting me to buy property under my name and then transfer it to LLC later as there are not many financing options available for LLC.

I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.  

An assistant can do most everything that you need done and they work directly for you rather than a property management company that has several clients and you’re just one of them.Also, again, depending on the location of your properties, have you considered doing a lease with the option to buy?