Now, if you held the property as rental property instead you would qualify, but you would need to be able to demonstrate your intent to hold should you ever get audited. 

I'd need some math demonstrating that the returns realized by a life insurance policy are statistically more likely to produce greater income in future years than stocks, bonds, real estate, or entrepreneurial pursuits.As far as IRA's go, I already max a Roth every year, and I contribute significantly (not the max) to a 401(k), so I do have a little diversification there.

The easiest way to demonstrate the Investor’s intent to hold a property is to do just that: actually hold the property as rental, investment or for use in the Investor's trade or business.

The ability to demonstrate a hardship (and clearly losing one owner's income meets that criteria) and 2.The skill of your negotiator.

You do not want any attorney to be able to demonstrate that the LLC is really not the owner/operator.

I know she will come around to it if I could demonstrate some success.ThanksKishore

Using too aggressive assumptions (high rents & rent growth, low rehab costs & expenses, etc) will demonstrate a great return on paper but will inevitably disappoint investors when the deal fails to meet expectations.

Knowledge comes first, you must demonstrate your knowledge and it dang sure isn't with goofy guru stuff on sandwich lease options or wholesaling or the BRRRR plan, but about conventional areas of the industry.  

In doing so, they demonstrate that their intent is to purchase all of the properties but when the property doesn't meet their criteria, instead of dropping the deal they assign it to other investors for a fee.

Hopefully since you've demonstrated yourself as someone concerned for them, they'll let you in to discuss that you have it under contract and what follows procedurally.The ugly is when you have tenants who have been paying the landlord even though the bank is now the owner, or when they've received some sort of eviction letter and outright refuse contact with you.