I get this sense both from direct means as she has said it, and indirect means as she does not seem to be putting forth her full effort all the time lately.We have not officially divided this deal yet through a contract, but we have talked about it with a lawyer.What do you all think?

@Prashant ShethYou may only execute one 60-day/indirect rollover in a 12 month period.Since you did not actually return the prior funds and those are now considered a distribution, you have not used that one-time allowance.  

If you don’t know, I usually recommend new people buy a two family and lightly dip their feet into landlording, since it’s a skill that can be useful for the rest of your life and it also indirectly helps with wholesaling since many of your potential buyers will be landlords and it’s really helps to understand the mindset.I’d also suggest finding local real estate groups in RI and Mass and make friends with other new investors, maybe a few slightly more experienced ones, and help each other out, learn from them, etc.

Would each's share of the profit most likely be in direct proportion to the dollar amount each partner invested? 

@Russ SandiferAny transaction, direct or indirect, between a plan and a disqualified party is prohibited. 

@Mohamed Nagoor , It's up to you how you want to keep a record for the flips. ( excel vs Quick books vs other software) You are going to have two kinds of expenses: 1) operational expenses - can be deducted this year as a business expense under Schedule C, if you have SMLLC2) the expenses that are directly or indirectly related to the flip property.

People respond to free educational information, specific emotional triggers that exist in their mind, and reassurance that the information you provide is (either directly or indirectly) going to help them solve their problem(s).  

As Ron (indirectly) and I (directly) both stated, you need to find the 'best and highest' use that professionals in the real estate field... let me restate that... that competent professionals in the real estate field should be able to find for your property. 

You don't know what the rent is, how that compares to market, how much time is left on the lease, anything at all about the tenants personal situation...The proper amount to pay for cash for keys is any amount up to the amount, in direct and opportunity costs, that would otherwise be expended in the eviction process.

I'm not a big believer in direct mail for lease-option assignments; it's a face-to-face sale and face-to-face prospecting but that's meIf the house is an expired listing, chances are very very good that it has very little equity so that you can offer two offers: you can offer a lease with option with the intent to assign and you can offer either a subject to or a wraparound mortgage purchase also known as land contract or installment saleBuying on contract for deed and doing a lease to own exit strategy I think is a wonderful way in Georgia to get started with very little moneyYou make 3% by finding a tenant buyerThe big issue with the sellers is some of them don't want to be a landlord and that's why buying it on some kind of a contract for deed is more appealing because most of the PITI plus maintenance costs are paid by the vendee If it's a lease to own assignment then the seller is going to responsible for landlord insurance and maintenanceIf you buy it on contract for deed your responsible as the owner for all costs including taxes@Curt Smith would be an awesome mentor for you if he has the time