But generally, it would seem that if you did a Wrap the proper way, then the title is no longer in your name.

@Johnny Nunez Lake Elsinore is not the most popular spot in California, but with the proper property manager you may get some cash flow out of it. 

How will you properly control the draws?

If your loan was setup properly they can't just sell the property without paying off the liens.

I am not sure I can recommend buying turnkey as the companies that I know are focused more on new construction, with almost no cash flow when properly accounting for soft costs or they are rehabs in increasingly marginal neighborhoods. 

Option 1, pay for coaching to get properly trained on finding off market deals subject to and seller financing.

Not so much that you are better off it's that TTax simply can't figure it out unless you split the property into 100% rental versus partial rental in order to properly account for the personal use time.

If you are looking in DC proper, condos are great.

Zillow shows the property was sold - even if it wasn't (this happens more often that you'd think)I would ignore off market sales as your ARV since they won't properly reflect market value.

This furnace in the living room sounds a lot like my kitchen water heaters and should definitely be dealt with and properly this time if you plan on owning it for a while.