Bought in personal name, etc. https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Most importantly I want there to be mutual agreement and I want him to be happy, just looking for some guidance on the best way to go about this situation.

Any guidance is greatly appreciated!

Hope that provides some guidance.

Valuable strengths and skillsets are financial analysis and modeling and raising capital.

I got a note from my state's Division of Real Estate last night with a Coronavirus addendum. I'm looking for the other 49 states plus DC's addendum if you've received one?Please email [email protected] or link b...

Your question has multiple parts and more info may be needed for my (unprofessional) opinion to be valuable.

You act like you could not have benefitted from the advice of a financial planner, but the situation you complain about any decent financial planner would have provided guidance that would have allowed you to not be in such a situation if you had taken their advice.I am sorry you are in this situation. 

We are out of the due diligence period and I had an inspection done with the intent to move forward on changes for the house during the due diligence period.However, due to the Coronavirus, I have fear that this deal is not a valuable investment and I have decided that I want out of the deal. the sellers attorney is asking me for my earnest money.

But, first keep learning here in BP site for guidance to what you are planning.