It is very costly ($500/month to get started in my area) and the ROI is around 50-150% in my area which may sound good until you consider the time and effort it takes to convert those leads, maintain/nurture those relationships, and close the deal(s). 

Farmers plant seeds by getting to understand and address prospects’ needs and wants.Farmers nurture a prospect by helping her meet her needs, wants, goals, etc.

This guy is definitely a nurture lead. both of you can also look into 1031 exchange and using a self directed Roth IRA for investing.

But know that things will go wrong and don't let the fear of that stop you from getting started or pressing forward.Seek and nurture relationships not transactions

Put as many prospects in the bucket, nurture them with love and earn their business.

We think there are still good deals out there to be found, and having the right systems in place and continuing to nurture relationships in the marketplace allow us to uncover them.

I felt like I could build a business as a successful agent, piggybacking on the relationships with current clients that I've been nurturing for years, and with some of the capital earned, begin a BRRRR snowball that can pick up speed with partnerships and more success. 

Building, cultivating and nurturing relationships in this business is very important. 

I would suggest you go in prepared and nurture that relationship. 

When I first got in the business I thought of a doing something like this as I’m also a real estate agent and this is how we nurture future buyers and sellers.