She believes she has found the IDEAL property, which is a historic home featuring 7 beds, 4 baths, 3,800 sqft.

The above communication in no way creates an attorney/client relationship.  

You are doing each other a mutual favor, believe it or not.2) This depends on what type of relationship you want to have. 

I then continue to explain that I would like to see the financial performance of the property(usually they have a historical NOI calculation).

As my relationship with my mentor is over expect to hear from me more often.

Not just your relationship but you are basically starting a small business.

He simply wrote a few smart comments and said he left 9K left on the job for me to pay (Even though it needs 20K total left to pay out, and that should be sufficient, and he said he might look around for a few fixtures he can throw my way, GOOD LUCK and Bye...So I have worked with this same contractor on 5 other fix n flips and we had a great relationship, and he talked about his faith and I thought he would at least try to make it right or at least apologize for spending 10 months on this job and he was sorry he dropped the ball, but he didn't.. he just said Good luck while I take the money you gave me for materials..

Assumptions get much deeper with family, relationship, why do it or ask, the type of loan, etc.

These things have a tendency to implode and change your family and friend relationships. 

Also, if you go the management route, you can start building a relationship in case you ever need a manager or repair recommendations.