You have received some great recommendations and if you are yet to decide on an Investor friendly to work with, you can send me a DM and see if we are a good fit.I do provide free mentorship and a lot of free resources and connections to anyone I work with especially beginners like you. 

Seller decided to back out at the last moment for some arbitrary reason and just didn’t show up to closing to sign the docs.

It will make the loans more valuable if you ever decide to sell them and decreases the chances of default. 

We decided to go with a DSCR in the LLC name to help protect our personal assets… We are near closing which has taken WAY too long in my opinion… (we are on month 3 with 3 extensions)…Regardless, at this point 2 of the 4 of us in the partnership are being asked to sign as guarantors of the loan…1 Is this normal?

Whether the lender decides to do anything, and exactly what they decide to do depends on the lenders particular strategy, target ROI, risk tolerance, current interest rates, interest rate of subject mortgage loan, etc. 

There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

Best of luck and looking forward to hearing what you decide to do.

I am left feeling that working with them was a wasted investment and decided to cut my losses and move on. 

If you decide to exit real estate entirely, just make sure whatever investment path you choose aligns with your goals and risk tolerance.

Bottom line: the tenant doesn't get to decide how to pay you.