This looks like: - dissolve your LLC - file a final tax return for the LLC - distribute out the LLC's assets pro rata to each member (this is a tax-free distribution) - each member takes title to an undivided interest in the properties in a TIC structure - then you can sell We deal with this sort of thing literally every single day of the year.  

These are the sorts of things that will be evaluated to determine if you qualify for a mortgage. 

I don't have much issue with this sort of thing.

Honestly, I find it annoying how investors seem to think that doing a creative deal is some sort of right that sellers should accept.Anyway, sorry as iI find this annoying. 

Given that I would negotiate a rent credit of some sort.

To be clear, the GC is not a member of the any of the contractor crew (although he is responsible for finding these crews and bringing them in) so he's not making any money on the renovation (unless they are giving him some sort of kickback under the table which I do not believe is happening).  

.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

There is a woman from California looking to do this upcoming for a year before purchasing locally to live near her children, that sort of thing, and in her case taking it slowly.The lease is signed and they paid.

Would they have to go with a non warrantable product or is there some sort of rule that allows it be a new condo building and waive some of the underwriting requirements?

I have aspirations to want to become a real estate investor one day but would love to learn the game through working for an investor or investing firm of some sort but I know for a fact that I don’t want to become a realtor.