I would start listening to podcasts anytime you are in the car/walking/etc to learn up on any specific aspect of real estate.

The owner still handles all rental and sales aspects of the property and oversees all work done.

Property evaluation should weigh aspects like locale, community perks, rental needs, property state, and chances for renovations.When you're investing in a different state, it's important to do your homework and look into the market and locations you're targeting.

In many locations, the important aspects are method of notice and the time between the notice and the rate going into effect.As others have said, I would double check the above, but then send two copies of the notice - one first class and one certified. 

Son and daughter would like to grow his real estate portfolio and manage all aspects without having to have fathers signature for every move.

The personal aspect that people like seems to be lost. 

The fine print has been written and massaged by someone who has much more of grasp of the legal aspects of the industry than we have.  

I would define cash-flow neutral as not only accounting for my hard expenses but ALSO things such as maintenance, capital expenses, and vacancy.

Who is it that owns the property, what exactly is a primary residence and for what purpose is that defined? 

The Analyst - The BrainThe Analyst, sometimes referred to as the Brain or the Mind, is the team member who handles the financial and analytical aspects of the syndication.