I landed a job as a supply chain manager and after a year I left to be a Chemist for a large generics pharmaceutical giant.

Your world of looking at an SFR is a little different because you're "competing" against every Tom, Dick, and Harry that wants to (also) buy a home to live in.  

If you're going traditional financing, you better be saving like no other... bank will want 20-25% down payments  + 6 months reserves of total debt, so 6 months payments for all your houses,  that can quickly be a giant number!   

My plan was to organize an LLC in which people disperse their funds into a giant pool of funds as I fundraise and can make offers with this LLC.

And you'll want an assignment fee for the in-between.I truly believe you want to help her, but frankly the only way I see you helping her with zero experience is just buying the property off of her outright, and then you can dick around with what to do next.

How to Find a Mentor You don't necessarily need an in person mentor, Bigger Pockets is essentially one giant virtual mentor.

If you are familiar with bonds, it's not a giant step to buying notes.

Article from March 26, 2014:Single-family rental home giants form trade groupHow do you know when an industry is getting serious?

(A tenant will make sure he has an extra key) If a tenant contacts you after hours to handle an emergency, make it clear in your lease what an emergency is (burst pipe indoors, giant crack in a load bearing wall, tree limb crashes through the bedroom window, etc.).Most of all, keep the relationship professional, friendly but businesslike.

I say "do it" but I have a giant appetite for risk.