If you have deemed a deal to be a good fit for your portfolio and/or investment strategy, then it is a good deal!

When you have two or more people owning an LLC, you need an operating agreement which should be created by your RE attorney.A FLP is another type of entity, and may or may not fit a starting RE investment biz.

Were you able to find any "low hanging fruit" deals that fit your criteria for your business?

.- You may want to replace the two single beds with a queen (or king, if it will fit).  

Here is how IRS defines self-employment:https://www.irs.gov/businesses/small-businesses-se...I agree with Logan, there are many ways for your wife to utilize her talents and gifts while staying at home, keep exploring and I'm sure you will find the right fit soon enough. 

Since I’m new to this, what are the questions that I should be asking to make sure the mentor is a great fit for me and my goals.

I’m getting off market properties that fit the numbers but it has to be off market.

They are a local brokerage and might be a good fit for you as a new agent and your interests in flips.

Finding the market that fits best what I want to do. 2 Hours away max by road from NYC.I have a nice google map list and pins on all markets I need to look into...

With that said, buying investment property all cash with no loan is your best best for the highest returns and the quickest/cleanest closings.2) Traditional financing (i.e. conventional, FHA, or VA) would not be the best fit for this strategy.