If they have not been able to sell it in 2 weeks, I call/contact them and see how I can help them achieve their goals.Sometimes, they use me for information, sometimes they list with "a family friend", sometimes they list with me. 

So, one spouse would have to take a bona fide “silent” role to achieve what you are asking, assuming both are owners of the company being taxed as an S Corp to my understanding

While that typically takes some swallowing of your pride (I have been there), the end goal is still achieved. 

Will one children or all five children have decision making capabilities.What are you looking to achieve by doing this?

LA's an expensive market, and even $100K limits your options for an investment property because you'll be required to put at least 20% down -- and most likely 25%.So I think the biggest question is: what exactly are you aiming to achieve with this next investment?

Is it possible to achieve this goal in your opinion in the current market of USA ( COVID-19 ) ? 

It is a great place to meet new friends and learn about various aspects of real estate and more.Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingI hope BP helps you achieve your goals!

If that 115 dollars represents what you will be paying as 'rent' you should be very happy and you have more than achieved the house hacking goal. 

Then working backwards towards how I was going to achieve them.

Not to sound cheesy, but I am sure your mentor seeing you take their advice and wisdom, then achieve great success, is going to be the greatest gift to them.