*note: not a lawyer and not fully up on all the legal aspects of this, just going off what dealers and LE have told me*
I may be misunderstanding you StarDust1, but I believe if you were to proceed with the purchase, had something that would prevent you from ownership, and didn't answer the question correctly on the form (thinking that it didn't apply to you), you might have some jail/fines to deal with (big bold warning at the top):
http://doctorbulldog.files.wordpress.com/2008/10/atf-form-4473-pg1.gif
Now, you might be able to explain your way out, that you weren't lying and didn't realize you would get in trouble for your answer, but I'd deal with it before hand. It really is better to ask permission than to ask for forgiveness, especially when it comes to the government and legal/jail matters.
IMO, the best thing to do before proceeding would be to ask the local dealer and/or local law enforcement. Go to the upcoming gun show in Houston (or anywhere). Lots of people you can talk to there about it: ATF agents, police, dealers, CHL instructors.
Good luck!