I'd think doing so, with full disclosure of your intent to sell the option contract would be less "opaque", and would accomplish the same objective.

Certified mail always help protect YOU.What IF they object?

Sounds like a headache to me, let the tenant "buy it" and if the deal falls through low ball them... if not find another deal, nothing seems objectively special about this one rather it's emotionally driven.

Also you need to identify the objections or fears she has about investing.  

You've already addressed the major objections with your formula which most investors seek. 

The main objective of the analysis: Do I take the ~$20k and invest into a starter REI property (e.g. 2- or 3-unit for $100k) with the balance contributed to the 401k, or do I contribute all as pre-tax dollars to my 401k?

If Fannie/Freddie wanted to provide financing to corps or LLCs, I wouldn't object.

@Chibuzor Alumba it sounds like you have your answers but philosophically I think if your intent is to invest, not sell homes, there's no real need to be a real estate agent.Reason being it should not be harder to find a motivated realtor that you can work with, and perhaps split deals with (you teach him investing ropes, they help you out by writing lowball offers) than to spend time studying for things you might or might not actually use.You'll still have access to MLS working with a partner, and you'll still be able to write lowball offers.Main disadvantage is that you won't save on commission, but if your deal is dependent on commission paid to make it work - get out of the deal.Plus, you never know who else you might meet while networking with an objective of finding a realtor partner :).But obviously if you'd like to sell houses a bunch down the line, then yeah getting a license makes sense to me.

None of them are objectively wrong or bad.What *is* wrong is for me to tell you what you should be passionate about.  

But instead of I want a investment property before I get priced out of the local market make it something objective.