I was thinking of approaching the local banks to perhaps get into undersigning loans or in some sort of capacity loan approval.

I am sure they have an army of analysts digging through data in order to identify suitable markets - capacities and resources not available to the "normal" investor. 

First time putting together a deal like this.1) What's the best term sheet/format to provide a potential investor in this capacity to agreement in place they want to invest?

Great, you have the capacity to deal with the drama in A! 

When trying to get a mortgage, you will be underwritten based off of the 'Three C's' principle: Capacity, Credit, and Collateral.

They can also be an accountability partner for you if they understand your investing strategy.Go through the pre-qualification with them to better understand your buying power, credit, and capacity. 

At that point, find a partner in some capacity who supplies what you lack, and go start knocking down deals.

At least not in capacity that will help you.

I’m not sure in what capacity you are looking to be involved in apprenticeship or mentoring but let me know what your strengths are?

The biggest hurdle is getting the seller to accept your 203k offer after the listing agent has told the seller to throw it in the trash after they present it (which they only do because they are legally required to).Well over 2/3 of successful 203k purchase deals that cross my desk, the buyer is a realtor, a general contractor, or in sales/marketing in some other capacity.