That's why many farmers/landowners are willing to sign the lease.

If local and you have trusted crews and YOU know what the reno should cost, then of course reno.

SITUATION: SOLD the home under a LEASE OPTION (or it could be even a WRAP AROUND Mortgage (or Deed of Trust) type of sale.They PAY US (on our LEASE or the Wrap Around Note) and We pay the underlying 1st lien lender (serviced by Shellpoint)PROBLEM:The Value of the property has gone up a lot.

But can I write off the cost of each night to stay at my STR since it would be making money if I wasn't staying there?

This job should cost me about 1400$ for blown insulation.

If we make a profit of $130k by selling the townhouse and minus all the cost (agent commission, selling cost, maintenance), then we use it to recast on the sfh, the sfh mortgage will be down about $800/month.

You need to sign a regular purchase and sale agreement with an assignability and marketing clause with you as the buyer.

or it does, but there is tons of competition for it, which drives the price up. 

The first series was set up in October 2018 and my bank, First Commercial Bank here in TX was willing to provide the loan and set up an account even though they were hesitant about it.

Sometimes these deals are easy and smooth and everyone agrees, nice, and friendly, and then sometimes when they look easy, they end up way more complicated.