You can define the roles of each person inside of the partnership agreement without necessarily using the terms General & Limited Partner. 

You've said that I am "fearmongering and spreading misinformation" and you've implied that your obviously in the wrong forum because, either because you feel some of us can't follow your line of thinking or that we're not providing you with an echochamber of agreement.

I have a verbal agreement to purchase the .59-acre parcel, but I would like to know if obtaining a commercial loan is feasible.

.: I would allow it with a written agreement that states:1.

China brokering peace agreement between Saudi Arabia and Iran.  

It will become more important once buyer agreements are the norm.This is gold - "A good agent will be a guide not a servant."

Lease purchase agreement should work in your case - however, it's all about the willingness of the seller to your point.

Most HOAs, nearly everywhere in the country require rental agreements to be either in 6 month, or 1 year intervals.

Especially the purchase agreement.

Have a clear and concise written agreement with contractors Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?