Yes, these individuals don’t have business systems in place to handle their issues which require their time.

“What’s the biggest challenge you face?

Typically for government backed loans it's more challenging to get a "very low offer" approved as they are less flexible for their NET and they use more qualified people to complete valuations.

Where I’m located (in Virginia) the local development department (building/zoning/etc.) handles storm water regulations and enforcement.

Is this still considered a wholesale deal and could that situation be handle to make it a wholesale, or, would this be disqualified as a wholesale and qualify as, say, a lease option?

They've been happy with the way the founder, Brian Adams, has handled his investment and said he would do another.

Your biggest challenge beyond correct comps is time. 

Being a couple hundred miles away makes it challenging to move quickly, but we're not in any particular hurry either.Looking forward to lots of good discussions on Bigger Pockets...thanks in advance!

Who or what professional title is given to someone who handles these monetary transactions in these instances?

I know this may not be the answer most people agree with but...If ultimately only YOU are putting money in the deal and your 'partner' has no skin in the game, in the sense of MONEY/RISK.. then you shouldn't split profits at all.You should PAY HIM for handling the rehab.