There are several options, ranging from a simple agreement to establishing a Real Estate Holding entity and an escrow account to protect the funds. 

While this is at least something, I just want to make sure that I'm maximizing my current cash reserves before exhausting it on a single option which provides a low amount of cash flow.So I'm just trying to work through all of this and determine what the best course of action is with respect to making progress at a reasonable pace in my market.

Unfortunately, while $100k is a respectable sum you should be proud of, it's not enough to do this in San Diego.

Regionals will be mostly in place as mentors and supervisors, because the main investor's idea is to receive little-to-no phone calls once this is established and running well--it's a fun retirement plan and a personal goal.Here's where I would like to reach out to BP: Does anyone have anything similar to this?

Regionals will be mostly in place as mentors and supervisors, because the main investor's idea is to receive little-to-no phone calls once this is established and running well--it's a fun retirement plan and a personal goal.Here's where I would like to reach out to BP: Does anyone have anything similar to this?

@Justin Garrett, The improvements along with depreciation taken all go toward establishing your adjusted cost basis.  

Sure, first you need to be an established business with a proper license.  

It will give you exposure and help you establish rapore and a network.

Personally I've never done more than month to month, I'd guarantee the rental rate for 12 months but month to month is the way to go.. you train your tenants and they will respect and stay.  

Is your property middle of the road with respect to other rental comps, or is it at the top of the price range.