Although I don't know what all is involved for an Architecture license but I imagine a lot!  

But since this would involve a refi with closing fees anyways I wouldn't see the point of doing so.

We don't have much of a buyers list or list of connections for that matter but are looking to get involved in a big way.

Maybe if you go into something like HVAC where you wouldn't be involved soup to nuts in rehab projects but just one part of it, I'm thinking that might be more conducive to a side hustle part of a rehab team. 

Most capital partners are going to want mortgage loan involvement to reduce cash outlay for a deal, and mortgage lenders are going to scrutinize your cash position going in, so the first step is to get your cash ducks in a row with the capital partner/investor.

If so, we planned on having a discussion to work something out with the tenant and would only like to involve our lawyers if absolutely necessary.

That way a bank is not involved or only involved partially. 

They have not been involved at all.

If just getting to help you as an investor it usually isn't worth it in my opinion since you are held to a higher standard and the fees involved with getting/maintaining your license.

I can try if I can find a source to finance the entire project, including the fund to purchase the corner as well. the problem here is the discussion with the city will be very preliminary, as it is the best I can do without having the actual ownerships of all properties involved.