Be very careful in dual agency.

@Brian T.The funding mechanism you are outlining is what is known as a Rollover as Business Startup (or ROBS), and is commonly used to capitalize an active business - whether that be a restaurant, insurance agency or real estate development company. 

My question, if on Aug 17th they decide they are in, do I have enough time to work with the title agency etc.... to get this switched to a private lending deal?

I'm a new agent and have had my license for under a year, initially was with a very small agency and didn't get a lot of training for about 5 months nothing really happened and I didn't know how to even prospect or get started networking aside from my own personal sphere.

Get information on the Agency that your renters are fostering through.  

A liability because you are held to higher standards by the real estate commission in your jurisdiction, just more red tape - disclosure, agency, paperwork.....

Contact a local real estate agency and they will discuss with you the requirements.

Did you do all that yourself, did you hire an agency, did they contact you?

Dual agency can already be tricky when an agent is representing both seller and buyer's interests but you're saying that this agent is the owner as well?

The reason for me waiting to fully transition into an agency role is primarily for ease of access to bank loans.