Father can assist with some functions, but I guess the more he's involved the more one could argue that he needs a license. 

Your mortgage has nothing to do with your taxes.Here is a very rough starting point, however the actual calculation will involve more details:1.

So, all parties over 18 need to sign the lease.If they are going to sign the lease, why wouldn't you screen them?

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

The capital stack especially in CA is VERY complex and typically involves everything and more that you mentioned.

Back in college, I half-assed every class, partied way too much and scraped by with a 3.2 GPA.

These things should NEVER be considered in an educational program much less a program that has self serving owners with over-hyped experience and credentials.Students have been squeezed out of deals that their coaches are involved with.

“How” they live together is more involved.

You will get great information continuing to be curious and ask questions while being involved!

I was never involved with the selection process.