Besides certain reporting requirements being spelled out in the Operating Agreement, a lot will depend on the type of offering that was made when investors were given the opportunity to invest.  

They operate in La La LandHow to make and stick to a rehab budget.

Is this a Capital expenditure or an operating expense?

Alcove is another company that is similar to PadSplit but I'm not sure if they operate in your market.

P.S I even considered seeing if a sober  living operator wanted to use the building. 

(don't think we have time or knowledge to pursue that) . alternatively the lender has asked us to work with a commercial lender.. we have not done any commercial loans so far, but basic research provides core diff is the 30 yrs vs shorter duration 10-15yrs in commercial + ARM (floating). 

You can place the home into an LLC that is controlled by both of you after closing for most lenders and come up with terms and an operating agreement post closing. 

But I also have one worth $375k that I operate as a STR. 

If you're interested there's a couple STR operators in NJ I could connect you with.

Check to see if any previous dry cleaners have operated there among many other things.