If you are relying on trust and faith the partnership is already sunk.Partnership agreement first.

As always, don't trust the internet, seek professional advice.

Also consider @Amanda Han, she is nationally known CPA, author and speaker, her articles here on BiggerPockets are valuable resources for thousands of investors. 

Let me know if I can use a national bank or if there is some other way so I don't have to fill out so many applications. 

Is there a way to get a blanket approval letter from one national lender versus having to go to each local lender for a letter? 

@Marc I.I think you could do a land contract , a trust, or a “subject to “.

Always look for a local lender rather than national, as they usually have better rates and are more flexible.

You would have to research the changes related to this but from my perspective IB had a nationally recognized event that seems to now be a more local recognized event and not even the most known in San Diego.IB has a fair amount of military occupancy due to North Island. 

I told them I want to close in a land trust for asset protection.

This downturn is probably seasonal, but the trend overall is up.As always, don't trust the internet, seek professional advice.