Should I treat it like a job interview where I'm asking them every question that I have written down or is there a "proper way" of asking your questions without it being so formal? 

@Zach Amit If there is no formal change order then it didnt happen.

I live in Seekonk and formally owned a rental property in Pawtucket that I recently sold.

Will there be a formal partnership agreement with a legal structure and a legal framework that you can all rely on to resolve disputes?

I understand that all communications now will have to be formal in writing.  

Not having no experience in buying commercial properties and raising money formally... do you have any tips or suggestions for my pursuit in establishing a fund?

Forming a formal business entity may be wise if you plan on building a larger portfolio.  

Obviously you are a smart girl who should be able to knock that stuff out since you already have formal business school training.

Before that he just did it himself no formal training.  

Has the seller done any modifications to the property since the last inspection-- Try to review these things before your inspection, so if any of the above constitute red flags, you can forgo the property before doing formal inspections.