Joe's lease has provisions against this, so I properly serve him a "10 day notice to cure" using a process server ($$).

Currently house hacking and trying to understand my tax implications and how to properly structure.

When you sell the proper, the question becomes whether the warrantee is transferable. 

Bad strategy as waste of time and could lead to mugging.2) Are the plumber, electrician and handyman properly insured to protect you if they get injured on your property or injure a tenant?

Have you been in or heard of similar situations where (let's say) the PM probably should have been liable, but is not properly insured, so that lawyers try to get settlement out of a less liable party?

Upon closing you will notify the tenants that they pay you, You can get a lease ready and give the proper notice of new lease.

As U state these are small business enterprises and underfunded or not properly capitalized business are prone to astronomical failure rates.. 

As long as you do proper maintenance on it and get it cleaned every year you should have no problems with it.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

However, lender will want to underwrite anyone with 20% ultimate equity and you need to follow proper SEC laws if you are bringing in passive investors.