I've just been soaking up as much knowledge as possible.

The shower shares a wall with the soaked wall.

The LLC has substantial advantages for flipping, but again that's my opinion.Best advice do your homework and learn as much as you can, be a human sponge and soak up every ounce of knowledge you can.

We are both complete newbies to this space, and while I am soaking up all the information I can find (having read and am now trying to apply the information from The Book on Rental Property Investing), my potential partner is more worried about naming a LLC/company. 

You first drop the seeds (first mailer), then you frequently water it (repeated mailers or alternate contact), you provide sunshine (alternate exposure like online targeted ads to your target homes, or an ad in the local paper, etc). 

Just soaking up as much as I can.

Do it right, and your flip profit becomes your own bank...and you never spend your seed money.If it was me, I would sell what you have to establish a large seed base, and rebuild. 

You’ll learn so much so fast just by soaking in podcasts throughout your day.

Read these books:Rich Dad Poor DadRichest Man in BabylonThink And Grow RichMany people fail because they don't start with the fundamentals, challenging their view of the world (philosophy), so they give up and say this REI thing is "not working".The 10k Seed Capital is great; however, many here on BP started in debt of 50k or more and are now crushing it. 

Just make sure to keep your $100k seed money to stay in the game.