You just have to learn how seller financing benefits sellers so that you can propose it to them in a way that resonates from their perspective.  

BTW, I'm working on a few MF 'deal' (transactions may be a better word;) proposals with other parties and the scenario is conceptually like yours, although I'd prefer to just get the K-1s and have everything (every deal) separate... hence the SPEs. 

If we know more about them, what makes them tick, their situation, etc. we can do a much better job trying to craft a proposal that will fit them.Next, I'd love to know what you're open to, vs. not open to.

set up a meeting and make a proposal ,simplicity and straightforwardness is best and saves time  Good luck 

One partner has proposed the following and I want to make sure that from legal and tax perspectives it all makes sense and is legit.. 1.Form an LLC where three partners would each have 1/3rd interest.2.Transfer the property (title) to the LLC via quit claim deed for some price/consideration3.He would buy our shares/interest in LLC so he ends up with 100% ownership4.Mortgage would continue in my name and I would remain the Garantor (he will pay me some fee each year to keep it in my name).

My proposal to your forum is that you can make a crappy wholesaler into your best wholesaler if you can train him/her to know what you're looking for and how the have to work by explaining to them for a brief 5 mins.

BTW, your closing was "never set", that was just a proposed/fantasy date someone put in your purchase agreement.  

Your questions should be addressed to a qualified CPA who has full knowledge of your proposed investment strategy.

Question How would you propose to structure the transaction assuming any structure is on the table?

I just put out of request for proposals/quotes for a build through a site called BuildZoom.