You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Even if you met those requirements, it doesn't sound like you have any experience and you could put her in a worse position by making a mistake. 

Guest experience is one of my favorite STR topics!

Hi @Tony Castronovo, can you please PM with your experience thus far with the local bank?

I’m looking at a foreclosure auction on servicelinkauction.com and wanted to know if anyone had experience dealing with this company?

Please let me know if you have experience.

While it's not rocket science, it takes a certain personality to find it enjoyable and not frustrating.  

I am not going to "partner" with someone that wants to be involved in every decision, particularly when the owner has very little experience compared to me.

How would you approach this type of project if you have the ability to purchase but limited experience on actual development?

From personal experience, MLS deals are much less lucrative given their higher price points (typically).With respect to financing, you can talk to any of the hard money lenders on this site for different financing programs they offer (some are tighter with someone who has not yet executed a flip), you can take equity out on existing properties you have, you can use private loan from a friend or relative.