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.  

Gotta get some momentum, and some cash flow now so I can broaden my marketing scope and move toward building a team (outsource tasks).

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.

One of the best things you can do as an investor is surround yourself with a strong team. 1.Yourself 2.Trust Worthy GC's 3.Reak estate Attorney 4.

The property is going to sell itself, you just need a design to maximize your profit, great contractor team and the will to pursue this with excellence.

My advice would be to team up with a seasoned vet to learn the ropes.

Not sure how rural it is, but there are a lot of athletic teams that like to take off to a secluded place to prepare for an upcoming season or event.Good luck!

After listening to the latest podcast with James Wise it makes sense to add JV as part of my arsenal, since I do have friends & family that have funds and have said they want to get into real estate.My questions is: if as an investor I'm bringing: knowledge, research, connections, finding deals and orchestrating a team (rehabber, R.E. agent, bird dog, property management, etc.) -- and the JV partner is bringing money and/or credit, what should the split be?

The best thing you can do is build a strong team around you and/or partner up with an experienced investor to help you get some skin in the game for at least your first few projects. 

It all depends on the team you hire to manage your investment property regardless of how much you pay for it.