Once he hands all those dollars over, it'll be too late to realize that they don't have magical super-bargain properties on offer.

Definitely want to play the long game, I just really like the idea of getting started using this method as I don’t have a large amount of cash on hand 

I am curious to how the security deposit gets transferred when inheriting a tenant. 

Ive been on bigger pockets for a month and a half now and have gotten my arsh handed to me quite a few times by the vets and recommend you stay on here for a while and ask about finding good deals and the real costs that go into buying a property because i know i was shocked to learn those.

On the other hand if you're looking towards hiring a office worker or two, setting up phone lines, incorporating, and marketing... then you could be talking about much more capital, but likely a faster revenue.

Though it would be essentially paying myself, I'm hoping that might be hands-off enough to qualify. 

The problematic parts did not pass.Interestingly, I would guess your tenants may lose out in the end not having a focused, hands on owner/landlord able to give great service to 8 units.

So my question is should I try my hand to whole sale this house?

Considering you are limited on capital it might make sense for you to try out an FHA loan and get some first hand experience as a landlord, including what it's like to manage a property.

There are a handful of guides I saw on Amazon but never purchased one so I can't recommend any.