This is because MN does not use attorneys to close we use Title companies.

This includes HELOCs or fixed second mortgages, which again are easier to get when titled in your own name.  

A ton of questionable money raisers are running around as "co-GP", but do they "really" co-GP or is it a shell title with no authority nor a legit role outside of raising $ for a cut?

Since you can't make improvements or exchange into property you own, your qualified intermediary would take title of the property while you  make the improvements.

It can also work if you're planning to do an option, assignment, or double closing, because you're not taking on the risk of holding the property for an extended period, but if things continue slowing down (thank you, high interest rates), you'll want to be very careful about how much you're offering, especially if you stick to the straight flipping model, where you take title to the property and don't make any improvements to force appreciation.

I have spoken with dozens of CPAs that understand the ruling in the passive loss limitations as @Brandon Hall explains it (tagging him in case he wants to defend his position), and very few that don't view it that way.

They want 1% origination points plus a bunch of other usual fees like title work.

I'm eager to start the work of finding a drive-by appraiser and calling title & insurance companies to close this transaction.

If it was properly done, it's recorded and should be visible on the title report. 

Take it with a big grain of salt - I saw a property tagged with HIGH RISK of HEAT due to a 200% increase of days over 100F in the next 10 years....going from ONE per year to ...drum roll...TWO days per year.