Nisrin,I think most coaches that are active in MF investing want someone passionate about learning, that have some sound business background and / or real estate investing experience,  have a good assessment of their skills and what they could bring to the table and willing to commit to a program.

Are commitments best efforts, mandatory, AOT, etc?

He said that AHC, Alexander Hamilton Company, a Family Office was going to be backing all the deals with an initial $5 Millions committed and they just wanted to have a small group of investors – active or passive.

You have to commit to learning about the market just like you would in Chicago.

Depending on your commitment level you could go for a lower end 4plex, or a nicer, newer SFD that could be rented for $1500 or more per month. 

I don't need the headaches and time commitment of trying to deal with a bank.

How does the time commitment fit into your schedule?

Landlords make commitments all the time, like your 3% cap, that legally mean nothing.

The basic idea is that if the officer or shareholder of a corporation commits the wrongdoing, then the victim can hold both the corporation and the actor liable.

Part of that 3.5% may also be an origination or commitment fee.