That is *THE* most expensive education there is.As another poster pointed out, one of the key skills you'll need is to learn how to analyze properties.The next will be learning to attract private money.

I was hoping the fact that he can make money from the job itself as he normally would and the equity afterwards would attract him into partnership with me.  

This can sometimes attract people that will break in or vandalize your property.

I use attorneys and title companies and have been able to do great through the years I advertise to attract for sale by owners and I search for sale by owner advertisement Very simple, faster, less complicated and in today's age practically everything is online!

If they like cash-flow, but don't want the hassles of land lording, owner-financing  might be a very attractive option, as older people don't like the volatility of the stock market and other investments have low interest rates right now. 

She said she's had to call the police numerous times about the lower tenant whom i also found out is also not even on the lease, he's just a boyfriend of the female on the lease, but she's currently in jail on drug charges.

The door in the fourth one looks like its been the victim of numerous pay or quit notices. 

Further more this kind of business adds a dynamic that attracts violent or criminal activity.  

Additionally, cash can be an effective strategy to acquire properties in situations with multiple competing buyers, or at property auctions.In each of these situations, cash provides either the only way to acquire an attractive asset, or delivers a distinct advantage over financing.

Rents are low for that price, but if the property is in a good area that will attract good tenants you may be able to make it work.