Converting it to a biz has made me reevaluate the numbers and how can I make it work for me.

Can someone please shed more light on this for me? 

My biggest concern is that it needs a new kitchen in order for me to feel confident I could rent it for enough that we would have a positive cash flow.

House hacking may still be an option depending on where you live, it just won't be as lucrative  there are many cities around the country where a single family home will have a granny flat in the form of an attached room with a separate entrance, a casita in the backyard or even a basement apartment. 

Long story short I have already filed for an EVICTION (2 months behind rent).It has been quite a terrible experience for me thus far although I know that it only goes up from here.

I know there is better out there for me and I don’t want to wait tell I’m 65 or 70 to enjoy life and have financial freedom.

Your overall Cash Flow analysis is a little too optimistic for me.  38% is not very conservative to start with.  6.  

In order for me to do a lease option assignment in texas does the seller need to have fee simple title?

@Art Bridgeman to be clear, I haven't had this contractor complete a build for me yet.

I love your story of slow and steady learning before investing...the first purchase is always the most difficult - at least it was for me.