Originally posted by @Grant Rothenburger:A local RE attorney who has experience with this might be your best bet. 

Recently, I found out with a property search online, that he dissolved this LLC, to a "CCC, LLC" granting a warranty deed from the former to the latter. 

In Illinois, the title company requires the amount of the liens to be covered at closing so they can grant you clear title.

Then, the owner needs to grant permission for the listing.Again (so everyone doesn't leap into conflict), you will need to call your specific MLS and verify that this is allowed. 

Granted, my sample size is small, my market isn’t your market, etc.

Of course watch you'll decide that and the HVAC will blow on you with one week left on the lease :)  @Grant Rothenburger has a good idea also - sell to your tenants. 

That makes sense completely...Originally posted by @Grant Rothenburger:Nothing wrong with it.

Would this be considered a typical real estate transaction where a TREC contract is used to buy the interest of the second party or can a grant deed be given to the 1st partner to convey the 2nd partners interest.

Hi Grant.

I went to a loan officer this afternoon and he mentioned that due to new tax reforms, those loan where gone over night and it all switch to grants, which have far more regulations and restrictions.My question to you guys is what would you do in this situation, how would you finance your first flip with out a down payment?