I am willing to pull my weight in risk, loans, paperwork, and deal analysis. 

Besides, that causes amortization and interest rate violations and doing weighted average financing is beyond the scope of mortgage originators or investors for loan/lending compliance.

It seems a little bit complicate now because the owners ask for a compete offer, which added negative weight to the deal.

I don't put too much weight on this, but if I can't decide otherwise, I will look at this.Hope this helps!

In the least this person, if they are good at what they do, will be worth their weight in gold for the knowledge and processes they present to you. 

You can force a higher RTV ratio on the buy and lessening the dollar cost of the value-add through sweat.  

I have a potential partner who has more capital than me, but I want to pull my weight.

If they are federal loans, then if you consolidate, you get the weighted average of the interest rates and you don't save any money.

General condition of the building, income approach and comps for price/unit would be the most heavily weighted but also include the market itself...

Also, listen to the podcasts...they are worth their weight in gold (probably even the weight of your Iphone).Best of luck, and never be afraid to ask any questions at all, you would be amazed at the connections and informations that are waiting just across the keyboard from you on this site.