In some cases you will find grossly mismanaged deals with bloated expenses which can easily be fixed to boost NOI or in other cases it could be that some units were offline for several months because of a fire perhaps which hurt revenues.

In a previous life I projected managed 54 new builds and have done my own flips to stabilize my own neighborhood.

The only actual life experience I've heard of is Del Walmsey out of Houston and he charges something like $20,000 to join.

I want to start investing in assets early in life, and possibly become a landlord in the future. 

The busyness of life comes from understanding it.

I need to get this existing company out of my life. 

- The type of account(s) that hold your life savings is important in this decision (ie. savings, brokerage, pre-tax retirement, Roth retirement).

I understand that nothing in life is free.

Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

Get out and meet some other investors at meetups and that will help you curate what some of those ideas would be like in real life, with the input of others who have done it.