She doesnt like the idea of doing that as it can inherently create a conflict of interest, and I respect that.She posed to me that I could just represent myself. 

Hello everyone,I'm fairly new to real estate and have mostly been lurking in here and other groups while trying learn as much as possible.

If capital isn't an obstacle for you this will keep more money in your pocket earlier and allow you to scale more quickly while learning through a safer investment.

Perhaps I am splitting hairs; once passive (outside) investors begin contribution capital and profits are split, does that inherently create a Partnership and the sole proprietorship is more/less, dissolved? 

I'm a huge fan of stoic philosophy, Obstacle is the way by Ryan holiday is a great book that makes you think differently about challenges that come up in life and business 

If you do an online search of ‘rental arbitrage’ you can find many articles discussing the pros and cons.Essentially the company wants to pay you a long-term rental price (lower), then turn around and rent it out at short-term rates (higher), and keep the spread as their profit.There are some inherent risks in this strategy, so do your due diligence on the company and ensure any agreement is detailed and in writing.  

It's a problem inherant with lower asset classes.

For example, if you were trying to start a restaurant and the space is 8k per month NNN, they are likely going to view you with more scrutiny because of the inherent risk associated with the restaurant business.

I find a lot of people just assume that since they inherently trust their friend/family member, a lot of the "what ifs" and worst-case scenarios are not hammered out in fine detail which can lead to confusion and personal interpretation after the deal is closed, which it should have been addressed pre-emptively before the money was lent out.

You said she's been paying the taxes every year, therefore; the tax bill must be in her name is that correct?