In addition to what @Brian Burke mentioned, I would check the PPM, SEC Reg D (assuming it was Reg D filing) and operating agreement to make sure you can swap out investors. 

The front unit is vacant and the back unit has a tenant who has been there for 9+ years (month-to-month rent agreement).

(consent is a verbal or written agreement).

Now you need to start preparing for marketing, showing, screening software and processes, selecting a tenant, Fair Housing, emotional support animals, collecting a deposit, disparate impact, local and state housing laws, Section 8, your lease agreement, late rent, unpaid rent, partial rent, bounced checks, etc.No worries!

People that theyve signed a listing agreement with but they havent posted the property onto the MLS yet.

JV profit share 10%-50% of profit, depending on agreement***Taking it to one more level: I don’t flip any properties myself anymore, I’d rather play golf.

The issue that I have is that this home doesn’t meet the minimum requirements for my current hard lender.

The issue that I have is that this home doesn’t meet the minimum requirements for my current hard lender.

Inspection 7-10 days after offer acceptance Purchase and sale agreement  - 3 days after inspection.

Also your purchase agreement is a legal agreement between you and the seller where you agree to purchase their property.