Depends on their skills and capacity.

If your job offers a pension/401k I would take advantage of both, especially if there is a 401k match offered.There are about a million different things you could do, but they're all going to be dependent on you. 

The structure heavily depends on the asset class and that also dictates splits, but I operate in the STR space so we typically have a much great cash on cash return than most stable asset syndications. 

It really depends on the exact location; if the MTR is closer to WEC/HITS, it may work out great.

Long story short in order to use rental income they will need your lease agreements or tax returns depending on how long you had the property as a rental. 

It really depends on your goals and what you're looking to achieve.

@Efrem Debesay It might depend on the kind of rental you have.

Depending on your state, you might consider a Land Trust. 

I think it depends on your learning style and how much time you have to put into this!

From there its really dependent on the language in the sales agreement.....Does the sales agreement contain a liquidated damages clause?