I believe he is looking to handle things this way to prevent paying a bunch of tax on his gains and he actually wants to help me to be set-up to be successful.  

I want to put minimal money down if any because I know he hates taxes (old school guy) so any capital gains would make him mad. 

Hoping to gain some advice about weather we should hire an attorney or go through the LLC process ourselves.  

This is a point at which your tenants will probably either gain or lose a lot of respect for you depending on how it's handled.

With that in mind, would you wise members of BP suggest that I find a job in property management and gain real estate experience that way while learning how to invest on the side?

My goal is to gain enough financial freedom to supplement what I currently make so I could leave my desk job and work on my own hours so I can be home with my family.I currently have an opportunity to invest with an investor who is to my understanding very successful in multifamily, but it seems to come at a hedty cost $10-15k.

Sell one property with the capital gains tax exemption.

., but I bought this book to gain more knowledge to use in my own investments.

Read the book "Linked" to gain an understanding of network theory.

I get bored pretty easily, so I like to reposition when it makes sense...either taking capital gains or working through a 1031.I don't need the cash flow, so control of assets is my primary concern...different than what 99% of "investors" will tell you...In general, there is no better way to control assets than through purchase money mortgages.