I would have her talk to an experienced short sale team in her area, to discuss the time frame, options and process of negotiating a short sale.  

Any experienced GCs on here that are in St.

I will let more experienced folks provide detailed feedback, but wanted to say a quick welcome and good luck as you get started.

Also, the most important thing you can do starting out is build a strong team around you or partner up with an experienced investor to mentor you through your first few projects.

Wow that is interesting hopefully some of the experienced investors here on BP give us some insightful information in regards to this post.

I was suggest a C corporation to startHave you and your partner on 48% each and having a referee like a CPA own 4%I had a 50-50 partner once  and he didn't know as much as I did and much less experienc, but he brought cash injection into the corporationMy CPA said what happens if you guys get divorced???

My partner and I are both experienced in real estate.

In addition, I realized my agent is also not very experienced with multi-families either. 

For the experienced real estate investors out there, how do you go about doing the paperwork (Purchase and Sale Agreement; Escrow; Title insurance, etc)?

Is there anyone experienced with financing property's here.