Or else they have vastly over-estimated the value of whatever they are bringing to the table (a potential deal, money, construction expertise, offers in the way of 'sweat equity') in my opinion.

It seems this is not the expertise of a CPA, but more of an attorney who knows the ins and outs of a land trust and its applications within real estate investment strategies. 

(Nancy's product page states property management is not supported.)On a scale of 1-5, I'm about a 2 on Quickbooks expertise.

If so, what is THEIR level of expertise in real estate accounting?

And there is also a risk that things go wrong, and then you need the time, money and expertise to take over the note, foreclose on the property, rehab it, and then resell.

If this guy is looking to mentor you in an area that he has expertise and is proven, I would jump at the opportunity.

I am working with a realtor who lives in Cincinnati and will use her expertise and knowledge to make a wise investment when the time comes.  

Contact a local well drilling/service company who is licensed in the state, they should have the expertise as to how to handle an abandoned well on the property.

Should I have different real estate agents covering different parts of the county so they have an excellent feel for their area of expertise or does it really matter.

Drew,I would connect with a private lender in your area who already has expertise in multi-family housing and see if he/she would be interested in a partnership with you.If you were willing to put in your $10K and be an on-site manager for the property, I know a lot of investors would be happy to put in some cash into a property in a fast-appreciating area.If you scouted out a really good deal (<80% of market value) and use $1-5K as earnest money on a contract that was closing in 60-90 days (give yourself as long as the seller will let you), you can tie up the property and shop it around (but be careful about SEC regulations - it's about HOW you shop it, but this is completely legal if you comply with the laws, you'll want a good lawyer for this deal anyway).Most investors with extra capital are very busy and short on time, so if you can keep finding, acquiring and managing properties with the right person it could be a great partnership where you both benefit.