We kept the first one for two years before selling to exclude all the gains from capital gains tax.

-i searched on google maps and it has this amazing feature that allows you to see the street in "3D" so with the mouse on my computer i "drove" around the neighborhood i would like to wholesale in, (where i think the best deals FOR THE BUYER) will be, not for my personal gain. with wholesaling, when doing research on properties, its easy to get excited about what you can potentially make, but anyone who has read "think and grow rich" knows that any profit is a reward. my motivation for wholesaling houses in the "hood" is because it is my home.

That activity is not for newbies, unless you are a contractor.Yes, we all start somewhere and a safer way to get started is by buying your first home, then a buy and hold SFR to gain experience rehabbing...First of all, flipping a house is not investing. 

Explain him benefit of owner finance based on his tax structure, since how long he own and what is his plan (Cash, 1031 exchange etc...)What are some questions that I should ask the seller during our meeting?

In addition to cash in cash returns and capital gains at sale, I also look at the debt coverage ratio to see if the property can support its debt service in these scenarios.  

All profits and expenses are then divided 50/50, so the 50% owned by you would be subject to capital gains and the other 50% owned by the retirement account would grow on a tax deferred basis. 

Nothing to lose, everything to gain. 

I have the required years of sales person experience and I wanted to go for Broke(rs) license for the benefits as an investors.  

I've been told that we both roughly have 50k each in our STRS retirement benefit payout instead of taking a pension.  

I listen so that I can gain knowledge or little tips about how to run my business,  not for networking.