What should I expect from the bank or how do I convince them of how I want to buy and hold strictly for rental purposes? 

The only purpose for doing so would be so it could be recorded in the public records, but most investors will only file a memorandum of the option contract so that all the terms of the contract are not made public.

I'd like to pull my money out for other business purposes ( it's free and clear).

Those are the ones who are out there promoting themselves and are usually happy to show a property and get you as a potential client.  

With this issue, it may just be a matter of estimating the tax and ensuring to set money aside in the property bank account.With respect to your federal tax return, is it possible to issue each partner a 1099 rental profit/lose form for filing purposes based on each individuals percentage? 

DSTs typically own larger-scale "institutional grade" assets and allow investors to invest in them on a completely passive basis while qualifying to 1031 exchange purposes. 

But for all intensive purposes, I have $7.32.

After working with them, seeing their code base, and getting to know their development practices; I can confidently say that I will NEVER use any Intuit product for personal or business purposes. 

Wesley Branaman , I'm curious as to why you would wanna gather this data and purpose.

Let's just say we get 500K on a sale for the purpose of this question.