We are now older and wiser and have an experienced investor mentoring us, who will be walking along side of us helping with our flip.

They would rather have us (Peers) walking them through the process of buying a home, rather than someone who is a lot older.

We are looking to buy a house within walking distance of the blue line and most houses in that area do not have garages.

Gotta crawl before you walk, gotta walk before you run.

Excited to learn, I walked in hoping for greetings from people and a whole room full of uneducated people like myself.

Until that time, you are behind, so the shorter the period of time the better.7 - If you fall into the #4 Category, and you are flipping, then you just told yourself you are going to lose money if you follow through on this deal...so walk away.

Do you have a move in walk through?  

I don't want to insult him, but I want to walk into the deal making income.

Would it be wise to try to do both or should I walk away from my partner sooner rather than later in order to focus on building wealth with my future family? 

Also put together an analysis of the deal you are looking at.Lenders look at properties much different than investors though, so you might need to walk them through your analysis.