The best advice I can give you is get everything to your loan originator so all he needs is the collateral, waiving your mortgage contingency will be a lot less risky but help you stand out among all the other offers.

Get's you the same result perfectly legal.Your second idea is also not quite legal, because the act of transferring an asset, that is used as collateral on a loan into an LLC and potentially out of reach for the bank will most likly be a breach of contract and trigger the due on sale clause.

Living with shared spaces having people who seem to get along should help mitigate drama and potential collateral damage caused from drama

Oh, you have collateral? 

I have very little capital or collateral right now, so its difficult to get in, but I have the determination and motivation to get there!

The issues:  Need collateral, credit worthiness. 

She lost this house before she passed away as she had it listed as collateral on one of this gentleman's houses.

When we spot the house we have 20% down (or cross collateralize) and the banker ok's the buy on the phone so we an make a non contingency offer.

You are free to use funds from HELOC, private loans, HML by putting up another property as collateral, etc.

Are you recommending some type of collateral loan?