This is the most critical component of the entire process.

Your bylaws can define what "in writing" means. that is controlling, otherwise, its up to a judge, but common precedent in most jurisdictions includes email as writing. is your email clear and unambiguous? 

By obtaining the zoning change, with the combination of the location being in the Chicago TOD district, the unit count was increased from 2 to 5, and total new rentable sqft of 6000 sqft, with zero commercial component.

Make sure you define your "why" for real estate.

I also think it is powerful to recall when you mention buy and hold to not forget the second component, holding.  

Would definately like to connect to learn from your experience.  

We typically buy with other lenders and not so great terms and then refinance through these guys once we have stabilized the property with generally a value add component.

So define what you ambitions and goals are and they will help you with that decision.

You put NO money in (it's much easier if the roles are clearly defined).If this is to be a flip property, she gets her money back first, then the profits are split based on the agreed % returns for each partner.Let me add this, she will want more since she put up all the money. 

I would seriously consider going through an attorney experienced in real estate here, rather than a DIY filing.If you're going through a DIY site, then the questions you are trying to answer are essentially taking a formulaic approach to creating the 'operating agreement' that will define your LLC.