I'm viewing the rehab as prepaid maintenance as the electrician and plumber got everything up and running and the appliances are all new and under warranty. 

In order for a lease to be valid, it needs to be between the OWNER and the Resident, potentially executed by your property manager/designated agent, You don’t want to write a non valid lease for some fake privacy you won’t get anyway.

What is the value of the Property based on comps What is the true rent in your area based on comps For me This is all that’s needed to make a valid decision if it should be rented or sold

How should I include in the lease option the fact if he passes away the lease is still valid?

Also my lease says I do not warranty Ice maker/water dispensers.

Yes the points you make are valid.

Has anyone taken their course and is willing to expound upon their validity, pros and cons, etc. ? 

The money partner has direct involvement with the property itself usually in the form of equity as the property will be warranty deed to that partner or have 1st position.

We're thinking that we'll write a mortgage (not a CFD) and convey title by Quit Claim deed rather than a Special Warranty Deed (just in case).

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