Let $R$ be a commutative ring, $I$ its ideal, and $\bar{R}=R/I$. For which flat $\bar{R}$-modules $\bar{F}$ is there a flat $R$-module $F$ such that $F \otimes_R R/I \simeq \bar{F}$?
By Lazard's Theorem, each flat module is a direct limit of free modules of finite rank. If the underlying direct system is $\omega$, we can just lift the maps of the direct system (as they are just matrices), and that does the trick. This gives an affirmative answer for all countably presented flat $\bar{R}$-modules.
For general directed systems however, I see no reason for this to work. Am I wrong? Do you know about a counterexample, reference...? Thanks!