He will be totally hands off and only role is to provide money.My goal is cash flow and another investment(same as my father).I have limited free cash on a tight budget but have access to a heloc loan for expenses if needed.

Dominical, Uvita, ojochal?  

Role-playing.     . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?  

Remember, many sellers are looking for solutions to problems, so your role is about providing a service as much as closing a sale.As you navigate the wholesaling process, keep in mind the importance of due diligence.

I will not be surprised if a class action lawsuit gets filed again the building company and unfortunately Wagner because he is not playing the role that he should be playing.  

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

Define roles, financial contributions, profit-sharing, and responsibilities in a detailed agreement.

Quote from @Dominic M.: There's a 100 ways to skin a cat, are you looking to build a real estate business or buy 1 maybe 2 deals per year? 

In some areas, purchase prices and value add opportunities align well with BRRRR, while in others the margins might be tighter.NOI plaus a big role in success, esepically with MF, so increasing rents and reducing expenses are key.

Depending on what you want to do and what role you want to play, would depend on how you should go about it. =)