Unless of course you have some amazing partnership written agreement that had took all little details in consideration and you know for sure that you getting $24,000 returned to you no matter what happens.Her RE license is not at risk because it's a business transaction with you in partnership and business goes bad sometimes. 

Hello BP,I have made the decision that I want to take action and start RE investing for a number of reasons but the main one being able to spend more time with my family.

Will this type of deal work for a 14-Unit or should I offer more of a preferred rate of return until we re-finance and I can pay back the initial investment?

If possible, allocate 50% of your income to student loan payback, 10% towards saving for RE investment and remaining 40% for other living expenses.

I am a newbie to RE Investing and have a SFH in Slidell, LA that I purchased in 2017.

I'm curious to understand what is your source of market research (other than local RE agents, which of course is the best source to understand the local market).

Not sure if the rental property is in the same location as your location tag but if it is the high desert more or less rides or dies with the overall RE market, you have a lot of owner occupants out there now because they can afford to buy reasonably nice homes out that way but not on the other side of the mountain. 

I'm a fairly new RE Investor in Central Florida looking to find my first deal.

There's a set screw on the side of the handle that needs to be backed out and re tightened after install.

I think you should re-list it as well.