And when you say seasoned, you are referring to the six months the property has to be in your name before a financing event can occur? 

I would call the city/town and ask general questions...wouldn't tell them you own some non-permitted ADUs.Find and attend some real estate networking events; maybe you'll meet another person who has dealt with this kind of situation.If you have the funds, you may want to talk with a local real estate attorney and see what they advise. 

Open to small or large events.

First off, in some brokerage accounts, you can move money around index funds without incurring a taxable event i.e VTSAX to VTI or something or withint a 401k or Roth and completely change your funds much like a 1031 Exchange.Are you sure you are in a taxable account?  

If you know or have been here before I'd love to hear your thoughts.Cheers,NatePeople choose LLCs for liability protection in the event something happens on the premises.

It's key to connect with others, so go to local gatherings and events to learn more about your area's market.

My guess would be that as this GP is doing 1031 as a TIC into the deal he would be a little less likely to want a sale, which is a taxable capital event, and would like to keep his money invested and sheltered from taxation as long as possible which tends to fit with my investing style of long term/preferably forever investing.        

In this way, you are each out $1 million in liability in the event the loan is not repaid.     

This level of detail will get the lender more comfortable that you are being transparent, the property you own is performning and there isn't an event looming which could harm your personal financial status or create a stress.

And make it a limited time & scope with a clear and written exit.Instead, network as much as you can, look up local REIAs and clubs, google will know and also on BP under events.