My advice is: If you are managing from a distance, you need someone with a high level of accountability and close proximity to care for your assets.  

I did a background check and was able to look up his many properties across all states so I really don't have concerns he doesn't have any assets. 

Our goal is to build something impactful, creating opportunities to support our community and work toward financial freedom.

They are not meant to adversely impact any business or individual directly or financially.

Prioritize your financial stability.

It just seems like a 5 unit and a 4 unit are arguably in different asset classes because of the difference in buyer pools. 

Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.

Added a cash flowing asset in a great area to my portfolio with no money down Lessons learned?

If he has no assets at time of going in, will they come back and take assets from you?

Some other copy & paste advice:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?