So i TOTALLY RECOMMEND INVESTING IN TENNESSEE.Speaking on South Florida, First off its not a very large area in terms of land compared to other areas in the country, so with this in mind I don't know that i would say its a bad area to invest in, but i do think that a seasoned investor would do much better here than a newbie, simply bc i think its safe to assume they would have the network/financial backing to move quickly on deals... 

The motivation is not based on assumed guilt as opposed to simply covering all their bases.Do not panic, proceed with caution.

Which is why i want to learn enough about flipping to provide great deals where everyone wins

Are you suggesting not to create an LLC at all and simply get umbrella insurance?

BP is an excellent source for vetting turnkey providers, simply by looking up the companies using the search function.

If she is able to pay for the entire two years, you win. 

It’s always a possibility but, long term, I think it’d be a win.

I think it would be better to simply actually open a savings account and put money in every month.

If they are simply a contractor and no partnership is in place - you would just pay them more in cash and report the amount on 1099-MISC.If they are a partner in a partnership - it gets a little bit tricky as normally allocation of income/expenses are dictated by the partnership agreement.

It could be a win for you.