I'll try to make this short and clear, but there are a lot of moving pieces. 

Honestly, if you are going the fanny/freddie route, I think you have to close in 'your' name and then you can move it to an LLC.

Being new to this biz, there is a lot of fear and trepidations associated with the "right" deal and a network of lenders, agents, contractors you can trust.My strategy at this point is 1, put my money to work for me, move my money into a real estate/ self directed IRA and then work into the fix and flip side of the business. 

CO is definitely moving in the wrong direction in my view with many policies.This is another reason why I am more hesitant on STRs than some of the big cheerleaders out there.STR laws change rapidly, and unpredictable politics can make or break a business.

The building itself contains a bathroom with fully functioning plumbing, electrical, and an HVAC system in place already. 

He may not have ill intentions, but it's better to move on and not find out either way.

In that event you could sell the real estate and move to stocks without a tax hit. 

That program coupled with some other incentives (like rate buydowns) may move the needle in your favor.The program is called "dream for all"https://www.calhfa.ca.gov/dream/

  :) we moved to Decatur this past July.  

She choose to take a cash offer from me with a delayed occupancy for 2 months to give her time to move out.