These requirements are solid, keep them: Application: Everyone aged 18 or older must complete an application.

It sounds like you purchased this property in your personal name. 

If you work 40 - 50 hours a week in a full-time W-2 job I'm not sure how this would create a conflict with claiming that you meet the 500-hour material participation rule provided you are completing the hours that count toward material participation. 

I am, admittedly, a complete novice but I consider myself an astute student! 

Alternatively, refinancing might give you access to some of your equity without completely exiting.

I suggest having him complete an application to determine if he meets your criteria.

I just completed my 20 hour course for my Illinois Mortgage Lending License and the final step is taking the state exam.

If that sounds like you, let me know if you'd be open to having a conversation!

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.

I recently completed my 2nd 1031 exchange with them and couldn't be more satisfied.