Well this is going to be more mandated by your investor base than anything a mentor can help you with (i.e. there are groups raising money targeting low double digit returns, with limited cash flow, and other groups that need to show mid-20s to get investor interest).Lastly, if you are looking at a mentorship: really hammer on HOW they will help you be successful. 

Most institutions have a 70% limit. 

General Partner is elderly fatherb.  12 Limited partners - all children , spouses not included - cheaper by the dozenc.

Quote from @Andrea Russin: A blanket loan would be a good way to spread the equity however it would limit your ability to easily exit one property without restructuring your loan.

Rising land prices are not that common either, and limited to select areas.  

Make sure you have roles and responsibilities set up.

That cost segregation study wasn't just about accelerated depreciation - it was setting you up for strategic wins years down the road.Next time your CPA mentions §1245 ordinary income, don't sweat it.

I feel my skill set, with an extensive background in project management, estimating, and renovations, makes me well suited for REI and  I am eager to start taking steps to transition my career to this industry.

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

If you adhere strictly to the laws, you will be limited in the services you can offer to your relative compared to what they would get if they listed their property with a licensed agent, and they will get less money for their property working with you than if they hired an agent.