Sorry I am very new and do not want to screw up with a legal contract.

On 8/21, after this loan was approved their attorney reached out to me. 8/21 all docs were resubmitted for them (We had to resubmit the same docs 3X during this process, FYI), 8/29 all insurance docs sent to lender and changes made to policys by my Insurance agent to satisfy lender.

I have access via my partner as I am approved by his broker to be his assistant and I pay separate fees from my partner for MLS access. 

The rates have gone up and the mezz loans are harder to get approved for w/o prior proven experience in building. 

One last thing, your broker should be able to draft, submit, and follow up on any offers you approve.

Allow the 2nd person if they apply and get approved

But from a legal liability standpoint and tax purposes, its your best option to file an LLC.Onward.sjw

My original assumption was that since we bought it together in cash through our LLC, we would need need to cashout refinance it in the name of our LLC so we would both have legal tie to the property through our LLC. 

Should I be getting pre-approved for a loan already in case it works out?

I have been advised that legally I could force the buyer to close, with the letter of indem.