Quote from @Cory Waldron: You don't need a mentor, a coach, an investment training program, an LLC, or any of that nonsense people try to sell on YouTube videos.

Without it, you're really relying on other people's perceptions.

You want someone who's been in the business for years, working full time specializing in what you're seeking to do, because if anything goes wrong with the transaction or the house after closing, it can create friction if you think your friend didn't protect your interests.

I have noticed a trend over the pasts 10 years where more and more of the people have zero involvement in the day-to-day operations of the property and are only raising money.  

I have 50+ people on my contracting company only working on the houses I buy and am speaking from that experience starting with zero contractors less than 3 yrs ago and having been burnt very had multiple times throughout the process. 

You can have (2) people on the same loan or more. 

I personally would never invest money in an area that I didn't know, with people I didn't know, in a business I knew nothing about.

Find a lawyer who specializes in landlord-tenant law in your state, and not only that, but who know the rental and property management business well.

I have heard lot people put property's into an LLC for protection from lawsuit but they have multiple properties 5+.  

@Steele KruzelI recommend finding an accountant that specializes in real estate taxation.