Does anyone have specific reference that gives clarity to this situation?

@Marita Jojo, clearly I don't know this specific deal to confirm or deny any of your assumptions.  

Is there any surrounding area specifically that you think could be the best option ?

I'm happy to discuss more details directly if you have more specific questions.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

But experiment and see what happens in your market with your specific property.

To clarify, I had initially put the property under contract but had to back out of the deal due to negative inspection results, specifically related to foundation issues.

I recommend checking with your lender about their specific requirements.

I will ask them specifically how they would like it structured but I'm sure they'll ask for what is best for them. 

Another investor told me about assignments, specifically cooperative assignments.