It's so easy to stay compliant.

Make sure you baby sit the tenant buyer.There is a fairly new tenant screening service for $50 dollars, and do a Dodd Frank compliant underwriting.See http://www.screenthetenant.com/r-e-investors.html@Michael Hicks pm meif you want some 1 on 1 with sub 2.

You have to be sure the notes are compliant as I believe that is what real note investors would want to see and give you the possibility of some liquidity. 

There is plenty of room to be creative in options while staying compliant, having a deal that works without getting goosey about trying to devise spin off stuff.

You are burning bridges by continuing to be non-compliant and rent the property. 

Costs, if you can find one who is compliant, seems to be about $750 from what I've found. 

We wouldn't have rented to them if they'd had this on their credit report.I like Marcia's and Nicole's points- the lease states that tenants will pay the gas, so they are non-compliant.  

@Bryan Hancock  just add the money you would pay to set all this up and stay compliant to your investors,  IE give the investors a more handsome return and I bet you will find all sorts of money without having to do any of this...just forget about the 25 to 100k investor.. they are the hardest to please and most costly to manage.

Are the stairs code compliant?  

It will be compliant.