If you can sit on the sidelines and be choosy this requirement is fine, but you are going to have to kiss a lot of frogs before you find someone with that much cash on a wrap sale transaction...it may take 6+ months unless you advertise like a mad man3.

Also, if the sponsor is new, I am fine with less skin in the game as long as it is significant to their net worth.

You mention DTI which is fine.

Yup, probably just going to rent it out LTR, which is fine.

I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor.

hi all i am a new landlord and got my first rental property. tenants moved in in September and October. the first month was fine but when December hit it got extremely cold and the heating is electric. due to poor insulation in the home that we did not know about the heat has to be turned very high up to keep the home warm, however since everything is electric it is causing the electric bill to be $800. the utilities are the tenants responsibility. however because of this one of the tenants has been extremely non compliant with paying rent.

Worried about costs, how about we add a $100k per person fine for such? 

With respect to paying $44k off on your HELOC, I personally think that is totally fine and a great start. 

His credit score is fine but his income is showing too low to get the loan, so I though maybe I could use my HELOC to make the purchase and do a Lease to Own.

If your broker does not have access to lenders that are fine with SCorp, reach out to me, i have a few that have no issues with this.