I dont know Florida, but in Georgia you've got a 7 day unilateral extension. 

So there's someone with extensive real estate experience and success involved in the business.There’s an initial cash investment into the company that would be shared equally by the 5 partners .

Both have gone through extensive renovations. 

This won't help you this time but I'm thinking a solution might be 30 day closing, with an extension to 45 days if needed, that way lender will start to look at the file 15 days before closing giving time to get things done. 

I poked around with it, its a little bit extensive for a rehab, if you're doing 5 fixes a month, maybe.

It seems that your job is a little extensive, if hiring a contractor is not making sense, then maybe its not the best house to purchase if the numbers doesn't work.

I am considering this also but I read somewhere that the home (or, in my plans. triplex) you intend to buy with that loan must not need extensive repairs.

I don't need it because I have insurance and I don't do anything wrong-This is an extension of #4.

I have extensive experience in MA and in FL. 

It does not seem to be extensive; maybe 15% of the property.