So I might as well present it to him that they are paying via deposit money, and I will pursue no further legal action as long as they leave in thirty days and the house is not damaged.I am absolutely positive he can not make the rent on his own income, nor am I interested in having him there trying.

.), generating lead (sending letters, mixed with calling and door knocking), shadow my coach as we execute marketing, and sellers presentations.

Just show up and present your pics and bills.

-With each acquisition - either the purchase could come directly out of the capital amount above until those funds were spent, or -as a hopeful alternative- the equity if determined to be present would be adjusted based on the acquisition valuation to adjust that figure.

Somehow it was discovered that the spouse and their lawyer/father never had a "formal" relationship, which I think means that an agreement must be present and consideration has to change hands.  

@Jon Holdman and @Bryan Hancock have outlined some salient points that clearly present a challenge or road block to the method you plan to use to acquire these properties.Why not take a step back and try for the lower hanging fruits or smaller multifamily units, which you can use as a springboard to future higher capacity multifamily purchases?

I presented and offer of 150k on a property in writing through my realtor.

Then present the site to the developers.

I dont do anything formal, I just present the offers verbally. 

DM me if interested (no, I don't get referral fees from anybody I refer to, but I wouldn't mind a nice christmas present or a good bottle of scotch once in a while... hint hint to all my network guys) I think you're using a phrase that I interpret differently, but what do you mean by Umbrella policy?