IMO, not a loan to cut your teeth on.

No landlord hassles whatsoever.

Do you have any experience whatsoever in owning investment property?

He is probably of the impression that having real estate investments, managing them, and acquiring them requires no skill whatsoever. 

On a first deal you are cutting your teeth and should leave this one the way it is. 

My 2 cents is that, considering you have the capital and SFR experience, it may be in your best interest to do your first deal on your own or with 1-2 other experienced partners, even if it's on the smaller side (10-20 units).Not only does this allow you to start building a track record for potential investors, but it also allows you to cut your teeth a little before you put other people's money at risk.

Those investors operate under the mistaken assumption that their assets are protected but may find out shortly after they are party to a lawsuit (it is simple to pierce an LLC where personal funds were co-mingled with LLC funds and only poor records are kept or records are absent) that the money and time they have spent establishing their LLC has provided them no protection whatsoever. 

No money back until she's completely out and has no reason whatsoever to come back.

You need to be armed with all this information before you make an offer that may make no sense whatsoever.

As far as Boot Camp goes, well, as a former US Marine that word makes me clench my teeth and have nightmares ... hahaha.