You just need to know how to execute more than a simple buy/hold or buy/flip entrance an/or exit strategy. 

If you can't build a legitimate, working, and executable BP in your own eyes,...what does that say about your concept?

I just think basic professional service: communication, informing the owner what's going on with their property, and the manager executing a task when she says she is going to - are all reasonable expectations. 

@Joseph AkingbadeI love the concept of BRRRR I'm hoping to find a mentor or partner investor to learn how to execute that method properly.

Learning from your experience isn’t just in executing the deal and working the rehab, but also in your lead generation.

Lease to be executed?

We were able to execute the plan by performing renovations on over 21% of the units, push rents to market rates, perform cost cutting measures, etc... to increase the value and go full cycle selling the property this year for a nice profit in just 15 months (The market timing helped). 

You'll have your hands full with the home and the work needed right now and if you have an Option to Purchase the lots then you could pull that lever if needed when needed instead of jumping the gun and obligating yourself to more work than you know that you WANT to do at this point.If you had a definite plan for the lots I'd have a different answer here, but in light of the lots being an open-ended possibility I'd lock them up with an Option and execute if/when needed.

Work on your finances, come up with a plan, and execute on it.

My plans are to live in one unit, rent one unit as a furnished executive apt @ $2500/month and rent the 3rd unit through Airbnb @ $3500/month.