II wonder if it would stand up in court that they could force you to use their contractual payment requirements on your own Private property.

There are a lot of other strategies one can try, but what you do is the lowest risk, the most predictable outcome and takes the least amount of time and energy.I always suggest to use an extra time an investor has to think about building or buying a business that generates cash to accelerate the growth curve. 

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

Currently started renting it for 2300$ per month , need your suggestion things I can do to fix my below situation. 

I’d really appreciate any insights or suggestions!

Instead of putting your whole venture at risk through a single partner, I suggest you build a team of employees and develop solid succession planning.

I really like the suggestion you made on renting the house out for some years, then renovating the house and selling it. 

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.

If you know of anyone that would be an ideal fit for this role, please encourage them to apply.We're looking at designing a mobile experience that will, in the long run, offer:1) Networking and Community features as powerful as Reddit or LinkedIn2) Educational/News features as powerful as the WSJ or NYT applications3) Market and Deal Finding Capabilities as powerful as Redfin, Zillow, or Realtor.com4) Portfolio Analysis, Property Management, and Wealth Management capabilities.If you have any additional suggestions or features that you'd love to see in our next mobile app, please post here, or message me directly.

Any insight from those who have done this or those that suggest we don't take this approach would be appreciated.