I think a lot of these folks are selling the illusion of secret techniques to get new investors to write a check.

this depends on three things:1) your work ethic and personality2) your hunting and acquisition budget3) your timeTIME: If you're working full time, door knocking is out of the question.

If they are professional, they can explain this quickly and easily.

If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.

I assume he does, and with this partnership tax return he issues Forms K1 to you and your partners.

Looking for any advice for someone starting out in this realm.   

I hope you don't like this family member.

I would probably talk to an North Carolina attorney for this. 

As others have stated, you have not provided enough information to determine whether this is a good deal or not.