They will run the transaction to the finish line once all of the conveyance documents are in place, but MN has statutory requirements for the sale of any CIC building that you need to adhere to on top of making sure you have a compliant and beneficial instrument of conveyance (purchase agreement). 

If you are actually going to owner occupy it then you are the definition of compliant.

You are purchasing an interest in a company that owns real estate.Over the last 15 years special products have been codified by the IRS to be 1031 compliant but fit the category or fractional passive investment. 

This keeps the LLC compliant with state law for conducting business in the state and grants the LLC standing with courts of the state to pursue or defend legal actions.The question would be "does the activity create a business nexus with the state"?

@Holly Williams doesn't sound like their SEC compliant.

In all states, rent to own arrangements are no longer compliant with federal financing requirements."

Some of these will need to be massaged and adapted to be compliant and legal in your area.

If anything i'd imagine they will either borrow the money to be compliant or if they don't sell at asking price they might get a short sale or something of that nature.

Once you know what the procedure is, make sure you get the applicable state compliant eviction forms...

The content of the agreements will need to be compliant if they were made after the effective date of the law.However, as new requirements are adopted compliance will be required to future transactions that can be put into place without effecting prior agreements.