From a legal aspect, 100% of the assets is real estate property, regardless of how we look at it for tax purposes.

I would not put any energy into this aspect. the only other way to get one is to take title subject to a 30 year note that can happen as well. 

Plus they can be very dictatorial in all aspects of building.  

The townhouse has a bathroom in each of the bedrooms, so this aspect is nice as it provides a bit more privacy.

The main thing is, taking the training will educate you in the foundational aspects of real estate which only helps you.

If not, the way you build trust is to take a step back and gain some experience investing first in some way shape or form.Then you want to assemble a team who have the experience in all the aspects needed to make the proposed project successful.

I strongly consider finding an agent that is knowledgeable of these aspects and paying them more for the full service.

A smarter approach would involve thorough market research, realistic projections on occupancy ratesThat, and not taking the furnishing/decor and management aspects of it seriously.

It is a great place to meet new friends and learn about various aspects of real estate and more.

I will definitely keep you in mind once I start looking into that aspect of real estate, and I really appreciate the offer to help me learn about all the options available.