You would be farther ahead to simply sell the property and move on before it becomes a money pit, which it will with tenants.

But, you'll still end up much further ahead than where you are now.  

As a matter of fact I am the only person in the house with a job, and a vehicle.

For months I tried to learn about this promising vehicle, and gave up many times. 

They were presented in the 2017 Forecast Webinar found here (skip to 23:15):http://www.car.org/marketdata/videos/And while San Jose does lead job growth, areas with more affordable housing and right behind it and are actually ahead of San Francisco.

So closer and buyer both are now exerting a much greater of scrutiny in the use of any domestic entity perceived to be a vehicle for avoidance of firpta.With advance planning a domestic LLC owning property and filing taxes but with foreign members is exactly the way to go to take advantage of 1031.

That said, I was speaking about this problem with my mortgage broker and he suggested that I work with him and a lender ahead of doing the BRRR to get an appraised value based on my reno plans.

Thinking longer-term, perhaps getting ahead of myself, how do you manage all of your lease option contracts.

I think you have a tough battle ahead.

As for new investors, I can even offer some advice that could help remedy the "naïvety" - something that will even help you in your endeavor to invest in regardless of your vehicle of choice!