Contingencies: A) Inspection Buyer, at its sole and unfettered discretion, shall be allowed a seven (7) day period from the opening of escrow to review all documentation, obtain third-party reports, and otherwise approve the property.

You'll need to buy it in your personal name to be able to obtain a residential loan on it.

For all of the commercial loans I've ever obtained, I've always had to provide a personal guarantee. 

If the program has current funding and the turnaround time isn't very long for payment there's little downside to helping the tenant obtain assistance. 

If the final Risk vs ROI is acceptable to you and you are in a position to pay the Financing and Carrying costs out of pocket, I wouldn't let the hard money issue stop you.Incidentally, if you can get the owner to sell to you via a Wraparound Mortgage, you can significantly reduce the amount of hard money you'd need to obtain, improving your profits.Incidentally #2: Some HML's impose penalties if you carry the loan for longer than six months.

ALSO - Where can I obtain a basic assignment for the contract?

Using my crude calculation as a purchase price, and the financing I am able to obtain, the company cash flow comfortably pays for the monthly mortgage payment, taxes, utilities, maintenance, etc.3.

Forget about winning the Powerball - set goals which are reasonably obtainable and have a specific action list that you can work on today.

In your offer, add the "contingency to obtaining financing". 

Where can I obtain a robust purchase and sales contract?