I still prefer hands on local investment in individual properties because of the control you have, but if you want passive without as much control, you are not an accredited investor, and don't yet have the REI skills to analyze and manage individual properties, PMs, rehabs, etc.

This model not only perpetuates skepticism but also obscures the true essence of networking and learning in real estate—genuine connections, application of skills, and market knowledge.Our initiative is born from recognizing this very gap—where real success in real estate is not about how much one can spend on courses or networking platforms but about the value of genuine, meaningful connections and the application of one's skills and market knowledge.

Maybe, just maybe, you can hang around long enough to say no to enough songs, to enough opportunities, you reach the rare air of becoming expert in a certain niche, industry, market and skill.

From the Fannie Mae guidelines:provide the following statement: We [I] agree to indemnify you and your successors in interest in the [mortgage] [deed of trust] opined hereto, to the full extent of all losses attributable to a breach of our [my] duty to exercise reasonable care and skill in the examination of the title and giving of this opinion.I think the threshold for proving a breach is pretty high. 

Additionally, they can know of contractors or be able to offer rough costs for typical improvements.Remember that accurately estimating rehab costs is a skill that improves with experience.

A skilled electrician with an ohm meter can ring it out without power.

I do not have the contracting skills to do the work myself.

If this hypothetical person you desrcibe possesses the operational skills and the investment opportunity is good,  there are plenty of equity placement services out there who will find the needed equity check.

Any sort of advanced/skilled manufacturing is going to require heavier power requirements, fairly sophisticated HVAC equipment and possibly floor drains in the unit. 

If your parents already own and operate rentals why not continue that, buy more, and grow those skills??