That one is now under contract, but would be happy to meet with you and talk more about your goals, maybe I can find something else that fits your needs?

I also recommend you attend a local REIA meeting (check meetup.com, search Real Estate Investor) and talk to as many people as you can about your goals.

It is the fast track towards financial independence and freedom that can open up many opportunities and make your life much more fulfilling and rewarding.What I am talking about here is investing in real estate!

 I have talked to a couple people about partnering up but the folks I have managed to chat with thus far havent been able to bring anything to the table that I cant do myself and dont seem to be as knowledgeable about multifamily buy and holds as id like them to be.

Good luck with investing and if you ever want to talk over ideas I'd love to help each other. 

I simply talk to the seller about their expenses, rent rates and vacancy to calculate.  

Talk to a mortgage broker.

If, at the end of the lease (or on month to month), then we can talk about walking the property & deducting what's necessary from the security deposit, then starting over with new sec dep and new lease with just her on lease.

You can use the solo K when operating an LLC taxed as an S-corp, the key is the W-2 income you pay yourself which is also what will save you that portion of the self employment taxes you talked about before.  

That being said for the size of house your talking about it seems high.As a contractor, when i see stucco that has enough damage that needs sand blasted off i would suspect additional problems.