The only debt I have is my car loan. 

I have zero consumer debt and no car payments, as I have a company vehicle.1.

Most HM lenders are wanting 11% on a 6-8 month build loan even with zero debt, a good credit score and 20% down. 

You need to reinvest the total proceeds received from the sale (including debt paydown) in order to defer all capital gains.

I had three years interning in the field and I was getting BLOWN up by offers from various Mortgage companies, so I finally decided to cut my losses at $40k of debt, enter the work force and stop racking up debt that I'm really not deriving direct, tangible value from. 

If so, I think you can take possession of the unit and throw out whatever they left. 

One issue came up and need your help:The stabilized value will be $20M Debt: $12MI was going to raise $4M for 50% and keep the other 50% (I really like the space-great credit tenant-I pushed hard to get 4.5% increase - newer built-best location etc.)TAX issue: My basis in the asset is closer to $5M (50%=2.5M) when raising $4M for 50%, how can I structure to not incur a taxable event?

Other than owning her own home, zero debt, she has no experience.

Bear in mind, you’re in debt, young with little RE experience (lots of knowledge though.) 

@Dana Powell...Sounds totally fine to me on a no-doc no ratio loan because those numbers are debt servicing either.