The former borrower tried to do the right thing to resolve past financial issues. 

The issue is that I'm giving up 1/3 equity to a partner and would like to only have me and my father own the final farm.

I am wondering if anyone has dealt with similar issue before?

My issue was with his intent-it seems he really was only interested in being the buyers broker here as well..  

Hi Krystal,I have recently been issued my Remodeling contractors license.

Not a CPA or tax professional.I’ve never audited every single line item of my S-Corp tax returns for over 18 years, and I’m truly curious why it really matters in one years instance, what corporate account was used to conduct business, as long as the financial information is accurate and correctly reported from said dedicated business account.This should be a separate issue from proper and legally correct business operations, ie a checking account with correct tax ID, no outside commingling of funds with self or other business entity.

I am having this same issue with section 8 rent higher than market appraisal.

There is an issue there. 

It’s usually a relatively bad deal, you do it because to makes you feel good not because it’s a good financial decision.

From what I see in your post, the only issue thus far is expecting 20% down on an undesirable collateral type to most lenders...Cheers!