Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues. 

Do we 1st do tax on the LLC and whatever we split 50 & 50 then each claims on their taxes ?

@Josh Ball mentions, there are issues with foreign investors but, nowadays, it's not necessarily on the tax front anymore.

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

On your tax return you would report the proceeds, subtract costs and proceeds paid to seller, then the remaining profit would be your flat fee.

The fact that you have a TAX-FREE income is crazy good.  

If you do place the property in her name, you've got a Gift Tax (Form 709) to complete. 

Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates. 

Many investors share opportunities, tips, and advice in these groups, which could lead to mentorship connections.Shadowing tips.