I work with a couple of different PMs there to keep options open. 

Another option is a revised Tenant-in-Common agreement, outlining property management, expense sharing, and a potential buy-out provision in the future under specific conditions.

Then last option would be a "unsecured" personal loan where the bank offers up to $50K for example to pay off and consolidate debts.The 2nd and the personal loan will pay off debts and lower DTI and you might have enough left over for down payment or just use VA again.

Is there someone (possibly a more real estate minded CPA) who we can tell our future plans to and they can educate us on all of our options?

@Joyce Kim, have you considered your options under SB9?

I will talk to an attorney about the back rent and see about the non-renewal of the lease option.

For a unique deal like this, you may want to run it through several brokers to see if they have any options for you. 

After looking into their website it sounds like a great option for true passive real estate investing.Here are some key take away from their brochure...- No lockup period- Monthly distributions with no fees- 14 years in the business- Over 2,000 loans originated- Stringent lending process with solid approval guidelines- Promises an 8% hands free return- Combines private cash and IRA investors into a pool for loans- Funds are used by real estate investors to buy and rehab distressed properties which are insured and liens have appropriate title insuranceThey have 300+ inventors, closed 2,000+ loans, $550m+, and 0 loser since 2008 when they opened.

@Abe B.Baseline is a great option.

While the property itself shows positive signs, such as being valued above the purchase price and fitting the 1% rule, it's essential to reassess the deal considering the increased costs, delays, and loan limitations.Explore loan options with traditional lenders in Pittsburgh.