They teach you how to get listings if you are into cold calling etc...Their commission split is fair for a beginner...

He answered the question in the video stating that you can learn most of this on your own without paying some Guru to teach you by doing the following:Listen to 100 podcasts on Real Estate InvestingRead 15 Real Estate Investing booksEngage in 100 conversations in the BiggerPockets forumsTake 12 Investors to lunchAnalyze 100 dealsTour 12 open housesAttend 3 meet-upsSpend less than 70% of your current incomeMy wife and I started the process May 11th and our goal is to complete this list by Oct 15th of this year, not splitting the list between us but both completing the full list independently. 

Now I help manage his projects, and he’s teaching me the ins and outs of finding contractors, analyzing bids, getting permits, planning, rehabbing, and soon financing.

Would it be a mistake to buy one in the school district I teach in?

If you are hiring them to do a service for you that you may want to do for yourself in the future they can teach you their process and fill your unit for the same fee.

This is in stark contrast to what the National Association of Realtors teaches but whatever.

The fear of not having a team is my crutch as I’ve realized with my personal property rehab it’s been rather difficult to find the right team of contractors… I have some funds and seven credit and love properties near teaching hospitals & universities for graduate students

The no doc 80%LTV 30yr fixed at 4.25% (with 1 point) is most likely how we would finance the properties.His wife is a stay at home mom so also considering doing it with her so she can over time become a "real estate professional" on their joint tax return and I can teach her the business as we buy more units.I have been researching ways to try and creatively set something up by a tax reduction strategy for them but it has gotten extremely complicated.Thinking to just pay them out 8% interest on money invested and then 50/50 on equity growth from mortgage pay down and appreciation.

I run House Hack Boise and have been teaching local first-time investors how to get into something like what you're looking for.

Then, magically, he started talking to real estate brokers, started looking for an apartment building and he started reading books about real estate investing.My point is; it is a terrific idea to buy your children a house, but try to use the purchase to teach your children about money and how to be an investor rather than just thinking about leaving something for after you pass away.