If these are individuals and not members of the same family I would want invidual leases with each person. 

Eventually, it led me to choose another lender in the interest of time.The LLC was formulated later and I am working to have the property rent out.I am looking to transfer the property into LLC for the following reasons1) Liability2) Tax separation from individual / rental property.  

So now you’ve gotten a wide variety of PERSONAL opinions, all based on the individual bias of the posters and their past relationship, feelings, fears, and experiences with THEIR debts.  

I didn't get too far into the investors personal goals since I was more curious what you/individual investors in the area would do themselves.I think with the amount of cash he's got and the appreciation in the Phoenix market this is the route I would go myself.

Is there a band-aid fix that you can do in the meantime that might stop the mold issues even if it doesn't address the foundation issues right away.If you are going to consider selling it at a loss the question doesn't become how much money did you lose on this deal but rather how much money can you make from the money you would be able to get out of the deal.

What is the legal process,  or the ABC to do when asking for private money from individual and private hard money lender?  

I like propstream.com mosty for deep and wide (best i;ve found) data/lists and deep dive into individual addresses. 

Does anyone know of an individual or company that would co sign with a stranger (me)?

The state the property is located in, homeowners' insurance policy, and whether you rented as an LLC or individual all make a difference.

How about the individual who took a social media guru course and now believes there are sellers lining up willing to accept terms seasoned real estate investors have never seen in their lifetime.