The GP just finished remodeling all the units, 98%+ occupied; mostly students on full year leases. 

The house is already occupied by a tenant and is on lease until April next year. 

As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.

What is the best way of smoothing the transition and aigning a new lease with increased deposits and rents?

I was going to say make sure you get them the tenant statements and leases prior to closing

I self managed and self leased.  

I purchased that duplex for $116,000 and had the gross rents at $2,105.00 after re-leasing 1 of the apartments after the sale (roughly 1.8% of sale price, so just shy of the 2% Rule).  

Preemptively talking through issues that may arise (lowering rent, no payment for the month, big maintenance item, accounting error on your end) helps build that.Bring options to the table and educate the owner.

OpenAI, a leader in artificial intelligence, has leased the entire 315,000-square-foot building at 550 Terry A Francois Blvd. in San Francisco’s Mission Bay neighborhood.

But once you get tenants and leases in place, lenders will really dig in to the details.