I was thinking Form 8832 is the one, but I am confused when I get to question #3 since this entity is technically owned by more than one individual.

Would be interested in connecting to learn more about your experience. 

Based on the questions you are asking I think you need to spend more time listening to podcasts like Bigger Pockets and Bigger Pockets Rookie.

This is more or less like BRRR where I can refinance after renting them out for as much as the cost to build.

If you really don't want the stock account any more and are willing to take the tax hit, why not just sell it and leave the cash in your account? 

Need so much more info to actually be able to shop rates  :) 

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.

Hope this helps, best of luck!

but i also 2nd @Jay Hurst's sentiments - get a 2nd or even 3rd opinion on DTI/ full doc. i personally love files that are puzzles, i get some weird satisfaction out of figuring out how to make it work on full-doc, especially when my client has been told "no" before. if it doesn't work now, a good loan professional will help you create a path forward.

Of course, at the end, he plugs a masterclass with more specialized small group training for $3000 (money-back guarantee if not satisfied).