However, I just purchased a 5/2.5 perfectly situated next to a larger university in Chattanooga and it has been very hard to find tenants.

Set a realistic financial goal and consider multifamily properties for better returns.

For the personal side of things, I do a GoBundance Onesheet, which breaks my life up into Financial, Health, Relationships, Friends, Adventure, and Spiritual/Contribution.Happy to share either document with you if that would help Tonio!

Usually when I am in these situations Its me holding the money..

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you have a regarded tax entity, e.g. partnership, S Corp, C Corp, you need complete financials -- P&L and balance sheet to adequately prepare the tax returns and answer tax related questions. 

Stanley - I would suggest that you go have 3-5 conversations with lenders and understand how much they are willing to lend to you given your financial situation.

Does anyone have any practical experience with similar situations and if so what was the outcome and how long did it take to resolve everything?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

What is the best way to manage this situation before the inspection happens?