They approached me about me putting a down payment down on a property that they would live in, and then contribute part of their rent to gain some equity progressively until we shared the property 50/50.

There is a lot of unforeseen issues that will likely drive your cost about your budget and drastically reduce your profit margin/equity in the property.BTW, I like your positive energy to get this done.Goodluck and update us on your progress. 

How  and what are the pricing steps needed to put into progress?

Work in progress.

The points you mention are all largely factors of good ole progress, and that alone.

I think that will help to stimulate progress... 

Having a local bank fund the DP (Currently in progress)Roadblock: I spoke with my bank and the guy told me they might be able to give me a business loan as the DP and I was overjoyed, but over the weekend I remembered they will probably want to see a collective LTV on the property of around 75%-80% including the seller's note.

@John Seilus Post about your progress!

He comes with excellent references and I am very excited to have him on board. we need to get some work done in order to get my properties rent ready and he is managing the project for me. of course I am confident he will get it done quickly and properly, yet I also want to be in the loop as far as progress. 

In week 2 I didn’t see any progress they where just taking the trash out from demolition.