4 Plex Owner Transfer to Sons

[Garrett Vita]

Hello  fellow BP'ers!

Hope all is well with everyone! Our family has a four-plex that my dad is looking to give my brother and I to manage and own; so he can focus on getting promoted and maximizing his pension. My brother and I are rather new to real estate investing and this will be our first property. I am excited, but very nervous. I know my dad will be our main support during this entire process, but I would like to hear your guys' advice! 

Were you ever in this position? If so, how was your experience?

What are something things my brother and I should be careful of in starting out this way?

Any other advice or tips would be greatly appreciated :)