I won't have to repair or replace anything for the next two years in this home.With 9 homes left, maybe two or three of my model, I'm not too concerned with the tactics the builder may entail to get rid of those homes.

I still stand by my assertion that you have no legal prohibition from offering someone money.

If the company is managing a single condo, what does this 'managing' entail?  

@Christopher Phillips  According to the owner, the tenant is supposed to keep up with the maintenance per the lease (though I have not yet seen the signed lease to see what this entails).

Personal liability entails your home, other personal assets, your bank accounts. 

The only way that this would be possible is if the transaction was not listed on the MLS which in most cases would require a client signed waiver (since the MLS wants to have all possible listings, it typically prohibits agents from listing off MLS unless there is a waiver signed by the client).Listen, I'm not saying that banks care about MLS rules or that ultimately they dont get their way 99% of the time, but I am saying that you are 100% wrong in your assertion that the rules don't apply to banks.

I remember, however, reading a Fed study that asserts buying a home is a better investment as the implicit income, being equivalent to the rent of the same property, is tax free.

One issue that is not addressed directly, but rather you mention it obliquely by your assertion that you will buy using cash or cash alternatives.  

I know it is going to entail alot of learning and stepping out of my comfort zone, but I am ready for it.

It is definitely a gray area and I am wondering if it's simply a breach of contract issue, and if so, what the likelihood is that I would prevail in not allowing the borrower to assert the costs which were not part of the original agreement.