You are so far off in your description of a Sandwich Lease Option, that it would take way too much space here to unfold your end and rebuild it from my end.Now, if you want to learn the basics of it, the correct basics, just PM me. 

Essentially, that is all that is needed correct? 

Around me level 1 granite is just as cheap as laminate.Keep those floors if the tile is in good shape and it was installed properly with the correct subfloor.

That would be correct if OP's father has made or intends to make an S election for the LLC.Since OP did not specify tax status of the SMLLC, we're left to assume no alternate election was made, and the LLC carries the default tax status: 'Disregarded Entity'.A DRE should not be issuing W-2s or 1099s to its owner as it's effectively dissolved for federal income tax purposes and there's no distinction between the owner and the LLC.

(yes I spelled it like I got asked) My reply to them was that they do not make 3x the stated need of verifiable income if you need "housin" thus you did not even read my rules for application.

If the tenant is the cause of the issue, they need to correct the problem or leave.

@Amir B.I am sure you have ran your numbers correctly.

OK, thanks for the replies.

Cheapest $ out of pocket to get the best ROI given the situation (assuming you're doing EVERYTHING else correctly).  

I just wonder if they truly and really can and will get those types of deals done and closed..I really appreciate your reply