Depending on what you are trying to achieve, there may be some other lenders I could suggest. 

What will be the indirect achievement that you want to achieve by using BP?

Property went on the market that week as we began negotiating terms.

Coaching or mentorship in real estate investing can allow you to collapse time and "skip to the front of the line" by leveraging the experience and knowledge of those who have already achieved success in the industry.

If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.

As long as you don't lose money. 

In Denver metro area, for instance, the city of Denver only allows short-term rentals in a primary residence.

Placed another 8 unit portfolio under contract in early March, unfortunately contract expired on April 23rd, couldn't secure favorable loan terms that wouldn't allow portfolio to meet cash flow numbers because banks changed lending practices due to Coronavirus pandemic.

The Long term, after some reserves, I'd like to bring down the assessment costs since I worry that this will negatively impact the property value. 

Focus on getting your finances in order, setting achievable goals, and finding a mentor or local real estate groups to guide you.