My point above is how solid are your financial and management plans?  

That sounds like someone who has been going in the wrong direction financially for whatever reason.

There are many scammers out there, with histories (criminal and financial) that they are not proud of, trying to raise money.

Additionally, be sure to keep copies for your records.

I have a renter in there now and am wondering if a cost-seg makes sense to do financially as I am planning to keep the place for 10+ years. 

Also, the whole point of hiring a PM is to handle tenant, maintenance, and rent collection, so if your partner isn’t actively managing but just supervising the PM, IMO not worth having a two people essentially looking over the same tasks.Contributing financially for one person and the other having no financial stake raises decision making questions, such as when to sell, how profits will be distributed, etc.

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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 property in Class D area to Class A standards, what quality of tenant will you get?

I was a SWO for 8 years, and the best thing I did to improve my financial life was real estate investing. 

Also, if you are in a partnership with your brother, it is unlikely that you are going to be able to offset his W2 income if he is just the financial partner.

Remember, not every single decision in your life has to make financial sense.