So, the term of the option should be somewhat sufficient to justify that value paid.

Hi Brian,Glad you are here and welcome to the vast library of knowledge that is BP. 

Starting here on BP.Also and very importantly, there is sufficient equity in the deal to cover any costs associated with a "normal" (that word being used in the broadest possible way) workout and exit.Dion, I cannot thank you enough for your generous offer to review the file. 

Del Dotto took his vast fortune and bought Wineries in the Napa valley..

After moving in I've discovered that the vast majority of owners are unhappy with our current property management company.

Rents are high and collecting a month or more upfront is sufficient for any problems that may occur.  

This is a vastly undeveloped market where rentals are wicked tight and County gov't wants redevelopment. 

We are capable of searching criminal background, and I feel like if we we could pull credit history somewhere that we would be fairly self sufficient without the mysmartmove site.

After nearly 40 years of real estate investing, I can assure you that this is not a sufficient catalyst to sell.

Alternatively, if you plan to occupy for 2 years, my understanding is that if you claim the rental income (even with you living there) for those 2 years, that's sufficient for the property to be considered an investment for tax purposes, which should also keep it from being a debt on your personal balance sheet when you get ready to buy house #2.