If he has a heavy interest at 15/16 I would be curious if there is entry level or internships for him to get into, whether that's with a wholesaler, agent, property manager, etc.

Find an attorney who you trust and can help you strategize.

For example, just for argument's sake, many people don't trust a deal will close until it does.

Quote from @Viji Venkatachalam: Trust is important in this scenario .

Tenant shall be responsible for any property damage caused by failing to maintain utilities or report utility problems in a timely manner.Tenant Utilities: ______________________________________________________________Pass-through Utilities: _________________________________________________________Utilities included with rent: ____________________________________________________Propane: If applicable, Tenant shall return the propane tank level to at least _______% upon termination.

Everything else is a level of passivity vs. how much management and oversight you want.I will still have more active investments as well, but I think it's silly when passive income is referred to as part of say, multifamily.

Additionally, the commercial financing is very different at the professional syndication level.

However, this introduces a level of risk to the equation because now, as has been mentioned, instead of going to $0, you could end up negative big time! 

Just as there is times of buyers market, sellers market or level market, there is times where it's a SFH market, Small Multi market, and MFH market. 

I found the most difficult part starting out is building a team (agents, lenders, contractors etc.) that you can trust has been the most difficult part.