I would not drag this out any longer by trusting him to move out at the end of the month.

It will save your pocket book and stress levels.

Check out Delaware Statutory Trusts as a backup.

If you get the promotion try and live at the same level as now (I know it will be hard with another mouth to feed) and put the rest toward that debt.I would go conventional if possible unless you are in a huge rush.

When we underwrite deals we never make a decision to buy or not buy (or set a strike price) without thorough underwriting on a very granular level. 

It's in great condition and mostly up-to-date, but the kitchen is dated ('70s/80s), and it has an attic level that was just begun to be finished and then left off sometime in the '70s or '80s.

Hiring a PM at this level isn't too efficient, but it allows you to set a standard of what to expect from your PM (if you decide to get one in the future to manage your large portfolio;) 2) Great for learning the rehab.

It's up to your comfort level and goals but, why not look to refinance and get a lower monthly payment and use the $60K+ to possibly invest into other real estate?

They offer trust deeds on properties in CA , some of the properties are in the L.A /SoCal area .

Another way to settle that is, If you're paying cash/hard money, having the seller put the property into a trust and you transfer ownership interest in the trust.