Again, large commitment of time, patience, and ability needed.The amateur of “semi pro” investor should realize that the professional investors (such as myself) spend ALL DAY EVERY DAY doing the above.  

2) How many hours/week do you really want to commit to for real estate?

@Jeremy Melloul thank you on your behalf, getting second opinions really helps and gives me an idea if I should readjust or commit as I am committed to my plan here!

If the bank will call their note if you commit to the transfer you can also check out this article as one strategy that has been used to work around the issue.This is not legal advice, just my opinion as a real estate investor.

If not you might be stuck with the work and the commitment to doing it since the city would be the ruling party.

Make sure you thoroughly know how the regulators view the way things are being done, before committing to a "creative financing" technique.

In short, having all the conversations and commitments in strategy, setting up LLC and all the fun docs of who's doing what, and I'd suggest even getting initial funding into account for at least EM. 

This progress has been a blessing, and we’re committed to continuing on this path.

From what I’ve seen in CNBC reports, this strategy appeals to investors who want to diversify without committing large sums upfront.

Time Commitment - Basically if one of you spend more time on the project than the other they should be compensated for that time.