There is a learning curve, but I'm sure you are gaining practical knowledge along the way.

During that time I gained a greater understanding of real estate and what was once a small interest became a very passionate pursuit. 

If an Accountant, a CPA or a tax preparer or anyone who is giving you this advice ...... ( I am not saying anything ).Here is another think - as you are flipping properties you do know that you are supposed to pay estimated Income Tax on your gains.

I am looking to take that step and start to gain experience. 

Your willingness to work for free to gain hands-on experience speaks volumes about your commitment and work ethic.

The knowledge I am gaining and the connections I am making through Peter Harris are worth the split because I'm being taught the business by a professional.

Unfortunately, due to an unforeseen event, me and my friend are no longer able to attend, but our loss could be your gain!

Our goal being to try and preserve some capital and potentially gain some equity / appreciation. 

There is some nuance there that your accountant can assist with but in terms of asset protection truthfully nothing to be gained either way.

Also, seller financing does help you avoid higher capital gains and NIIT taxes.