But I’d be amiss if I did not suggest that instead you gain knowledge of the aforementioned 3 foundation by studying for a real estate agent/broker license, and then seek employment with REITs, real estate operating companies, real estate managers, or real estate brokers.  

You will learn the time and effort required of managing such a unit.  

How would you manage risk? 

They both own thier own management companies as well, so they understand the needs for investors when it comes to insurance.Best,Brad 

A few that sell and manage, or know management companies.  

Try interviewing at least three managers.1.

I have not, I stated dealing with her manager who I do like.

Even if you manage to find an office with an existing tenant, their lease could be approaching expiration, and without plans to renew, it can take an incredibly long time to secure a new tenant for the space.

I have many questions about this topic - moving from self-managed to PM - I'll post something separately on this topic. 

For example, you could create a weighted structure where a percentage of profits is based on cash contributions, and another portion compensates for rehab or management efforts.Rent Payments and Tax-Free Profits:If you structure it as an owner-occupied property, the rent you pay could be shared proportionally, but tax-free gains on resale may only apply to your share, as you’d be the owner-occupant.