The property is close to an acre and a half in size.

I'll live in one half for the time being and fix it up to be where I can realistically rent for $650~.

., no oil tank, updated electrical, newer roof and windows); more amenities (parking in this half of Hudson County is worth the square footage in gold!)

Any suggestion on the easiest, safest, most legal and feasible, aka "the best," or "ideal" method of completing the actual sell of the lease option in California, for 2016? 

I did two and a half semesters at TAMU-CC (computer science major/Business Management Minor),but I dropped out because I did not want to get a loan and that was the only way I could afford it.

And I will be doing a 1031 Exchange.A wrinkle came up where I could carry the note for half down at 7%, which would give me $35k to play with and $203/month cash flow (which is what I want from a property anyway). 

Baha M. there are a few options and strategies and markets to move forward with, however Investing in a turn key rental property is by far the easiest strategy for B&H and has the least risk volatility.

To give you an idea of the requirements, at least half of the Corporation’s assets would need to be invested in real estate that is directly managed or developed by the Corporation.

@Toby Coons it might be easiest to direct your lending questions at a good mortgage broker.

Even a contract for this amount wouldn't really be worth it because suing you for stealing it will cost probably up to half the amount.