The intention will be to occupy the property shortly after building completes and rent the property out for cash flow.

Knowing they are leaving that behind will allow them to leave this world in peace when that time comes.If his intentions are anything like those of my folks, What you’re doing goes far, far beyond preserving the ownership of his 15 rentals, hell if that was the case, he can sell and buy into a DST and just roll them until death to get the step up in basis.

For all intents and purposes, absentee owners stay true to their name; they exercise more of a laissez-faire approach to the concept of owning a home.Absentee owners may be away from their properties for countless reasons.

Its BORING.Wholesaling  IS TELLING the seller  that I have no intention to close and I will sell the contract to an other.

But the fact is you will pay around 20K more buying turnkey than doing it yourself and typically you cannot sell again without making a loss in the first 7 to 10 years.That's what turnkey is, you pay what I am saying is "too much", in exchange for no hassles, no hidden problems and a rental/maintenance guarantee.I'm not saying it's a bad idea, that's just the facts.If I was starting out again in Memphis and I was time poor I would probably come to you for homes because I have no intention of selling and I want a hassle free experience.

It's all about intent, technically a partner could satisfy the owner occupation requirement. 

It's a good idea to check your intentions against these "prohibited transaction" rules before you make any investment with your plan.

Once you've used it for investment long enough to have established your intent of investment you can move into it converting it from investment to your primary residence. 

My intent with this post was to kind of prove my point or figure out that Grants 0 to 100 units is not so attainable as he makes it seem for the newbie that has never done a deal.

Once you have the contract signed that you intend to assign, it should have wording in it letting you access it for due diligence as well as for showings if that's the intention.