This way I can choose and define which mentor could I contact - who could help with my case.To clarify: I am asking for the LIST of online mentors with clearly defined areas of knowledge where they can help.

A good agent with knowledge on this area of the country can help you tremendously, but you should define your goals first so whatever agent you go with can help you better. 

Have you defined the responsibilities for each of you yet? 

@Kyle ColletteLet's define "moving" to Vanguard.

We have a very well defined criteria for our client’s properties and we see 20 to 30 potentially good deals per month.

Depending on the investor's net worth, they may be required to meet the requirements of a sophisticated investor as defined by law in order to participate in your offering.

I would use 10% until the property is inspected to determine the current condition of all major components and appliances.  

@Josh Sullivan Your greatest challenge will be where your weakest component is.

It sounds to me that neither of you have defined the partnership in detail.

That's the verbiage from the standard application as defined by TAR(Texas association of realtors), I asked a local realtor and she explained it as ; if the landlord rejects the prospective tenant then fee is refunded, if tenant withdraws his application then fees is not refunded.