I did consider property management company but quite honestly so far I found that the amount of work I need to do is minimal compared to the 10% that I would need to pay for such a service.

But I would also like to make some money off of it with minimal effort on my part. 

Definitely need to have cleaners pitch in. 

Minimal other cap expenditures, as it was a new A class property when purchased.

Significant expertise in those areas will likely be prerequisites for a deal like the one you described.Generally, it's a smart move for beginners to start with beginner strategies (like a buy and hold LTR, or house hacking a single fam or small multi fam property).For a beginner, the deal you described is sort of like trying to ski down a double black diamond the first time you ever put on skis--the chances of disaster are very high, and the chances of success are almost non-existent.Give yourself the highest chance of success, and minimize the chances of failure by finding a strategy that fits your level of experience--if you're a beginner, don't try to execute a highly advanced strategy.

They want to minimize losses and risks with loans as much as possible.

I disagree with #1, I think as an owner our interests are better served by sticking with lease terms that minimize turn over; turn over is valuable to property managers, but costly for owners (I serve in both roles).

Webinars like that are just a long lead-in for a pitch.

The seller is trying to minimize taxes as the property has doubled in value during their ownership and wants the proceeds of the deal to be liquid within 5-7 years in case they pass so the estate is easier to divide.

I have delt with so many hack wholesalers who pitch me on total BS ARV comp's, watered-down rehab estimates, all pumping I will make a whopping whole 20k if everything goes right with their fantasy numbers, and it takes me about 90 seconds of research to see this carp has about 80k of their own profit.