The new person must complete an application and pass the screening.

Completely agree with Michael.

I agree completely.

As easy as this sounds, it's not simple and usually like pulling teeth.

You’re going to want some kind of “official” to declare she is of sound mind to sign such a paper. 

I am not quite sure what category I fit into since I’m not a completely foreign investor, but I also don’t have a W2 or current residency in the US.Curious if any Lenders here have advice on how to seek financing.

Any other books you would recommend to someone completely new to real estate investing but who would like to build a solid foundation going forward?

In one area I rent, you just cannot trust them; over 50% of them have completely bogus data. 

Once the work is complete, inspections from the DOB and DOT will finalize the process.

If it does vest, then the 2nd isn't currently $8k and the paperwork could further help your case.Other option is to completely ignore the equity in your residence and look for creative financing on the property you want to purchase.