Should you raise a fund?

If they are good tenants, rent will be raised minimally.

You need to test your marketing in small batches before you decide to go with a big marketing push.

Is it typical for a general partner to charge investors a one time entrepreneurial fee (sorry, it's an appraiser term) for managing the investment, raising the funds, getting the financing and managing the cap ex up front when the investment is initiated at closing? 

I have already forwarded my mail and changed my address on my car insurance just to make sure no flags are raised.

Prosper.com & Lendingclub are great ways to raise capital for a down payment.  

Of course you have to test your marketing first with maybe 1,000 addresses starting with zip codes you are interested in.Send me a PM if you need help.

Instead of simply asking him to sell, tell him if he sells, you have a variety of rentals for him or properties that all have equity, raising his net value.Tell him you already have a re investment for him.

I test them to see how motivated they are by asking "if you were to get an offer today, what would you feel is a fair offer?"

My wife has a degree in the medical field but only spent a short amount of time in the workforce before devoting her time to raising our child.