The home is very solid and just needs some minor painting for updating.  

That includes the house and all the updates. 

A summary of the changes can be found here:SEC Staff Recommends Updates to Accredited Investor DefinitionWhat's good:You can now take a test to qualify under the proposed rulesThere seems to be some critical thinking about the thresholds and indexing them to inflation instead of picking an arbitrary number and leaving it staticThere seems to be some critical thinking about who can invest whatThose with experience in private deals can exempt outWhat's bad:It seems hard for portals or funding platforms to implementWealthy investors are capped unless they make over $500k annually or have $2.5M in net worth

Once their lease is up we will try again, however I think a more updated home will sell better. there are a bunch of properties in the area that have been flipped and sold for 205k+ that have updated kitchens and bathrooms.

I learned long ago while being a manager in corporate America that people want to earn, not be given things.

If the corporation is simply an "alter ego" for the person, a court may "pierce the corporate veil" and find individual liability.  

Rentals are SLOW way to growth.Only way you would  be to buyong in the HOOD and trade one business for another set of problems and issues to deal with as opposed to your corporate gig.To replace 90k a year in passive income and say your lucky enough to buy units with leverage that make 200 a month positive cash flow you would have to buy 45 homes or a 60 unit apartment .. say you need 25% down your talking about liquidating 100% or more of your retirement funds ( which may not even be possible if they are your wifes as well). then risking it on Real estate you have just shed one job for another..

I was fired from my corporate job, one I disposed, and knew I loved RE but rid not know how to pay the bills and make a living doing it to start, let alone did I have much surplus income to invest.

The house has put me in a position to only be able to save minimally so to expedite the process I've decided to add a bathroom and update the kitchen in the next 2 years and then take a line of credit to purchase a multifamily or flip depending on the options.

so I have an update for you BP.