Start by learning basic metrics like cash-on-cash return and cap rate, and check out resources that dive into rental market analysis.

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

My basic philosophy is that if you can't handle the little things, then you can't handle the big things.

I would start with the basics first.  1.

Maybe you can help the investors you meet with all the miscellaneous tasks involved with investing like picking up rent checks, turning over properties for new tenants, or even just driving by occasionally to make sure their properties are in good condition.I'd also recommend spending a lot of time looking at all the homes you're targeting in your area, both online and in person.

I know that one of the first tasks is to obtain a licensing for rentals in the city.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

He was basically Someone that was in their early 20s maybe a relative to someone in the coaching company.

Another thought you could just keep the tri-plex and gift them the net income each year...it's basically the same thing without any transferring. 

For example - you're starting a $100,000 remodel on a propoerty that you have acquired, the Scope Of Work includes basic lipstick stuff like a kitchen remodel, a bath remodel, and new flooring and paint.I would start with a draw of no more than $10k, that is more than enough to get anyone going and it shows your good faith.