Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

Yes, you can get on MLS by using a flat fee FSBO service. 

Educating yourself on the various types of social service interventions that may be possible would be a good idea.

Back in the day when I started flipping 18 years ago it was 70% of ARV minus repairs minus wholesale fee.

And now she wants to drop the entire thing for the next year or two or more.I've wanted to own a rental since I was a teenage, our home has had all the major repairs and upgrades, it's move-in ready at this point.The ideal situation for me is to buy a second home in the next few months, @ ~7%, get into our home before summer, interest rates drop over the next year or 2, house appreciates, we make out like bandits in equity and then if it makes sense we refinance to a lower interest rate.

If you haven't already, local meet up groups are a great way of networking and finding local investors who may have a need for your services.

I initially bought the house for $80,000 and could sell it post-repairs for $65,000 to $70,000, or "as is" for around $50,000.

The after repaired value was much higher then my purchase price which made it a good deal for the bank and me as the investor. 

Lots to consider here depending on date purchased, how it was split, what is being built, and when it is placed into service.

For purposes of this paragraph (e)(3), an activity involving the use of tangible property is not a rental activity for a taxable year if for such taxable year—(A) The average period of customer use for such property is seven days or less;(B) The average period of customer use for such property is 30 days or less, and significant personal services (within the meaning of paragraph (e)(3)(iv) of this section) are provided by or on behalf of the owner of the property in connection with making the property available for use by customers;(C) Extraordinary personal services (within the meaning of paragraph (e)(3)(v) of this section) are provided by or on behalf of the owner of the property in connection with making such property available for use by customers (without regard to the average period of customer use);(D) The rental of such property is treated as incidental to a nonrental activity of the taxpayer under paragraph (e)(3)(vi) of this section;(E) The taxpayer customarily makes the property available during defined business hours for nonexclusive use by various customers; or(F) The provision of the property for use in an activity conducted by a partnership, S corporation, or joint venture in which the taxpayer owns an interest is not a rental activity under paragraph (e)(3)(vii) of this section.