You need to approach it from the perspective that it is a specialty market and requires somewhat different screening, management and operation practices than the norm. 

Success is a process, failure is a choice

Youtube videos through Prepagent.com along with practice tests is how I prepared and for me that was very helpful.  

Your personal career choice and the business of being a landlord will be in direct conflict.

I've been working on learning how to wholesaling just to get the basic in place like learning what the Comps are, how much they rent for, and have been meeting with FSBO property owners to practice(and to land deals) my wholesaling strategies I've been learning and hoping to land my first deal by August 2016.

So since it was less than 50% of our total joint assets it was an easy choice for me to just keep that as 'part of my half'.One interesting side note; do your own homework in ADDITION to seeking professional help.

Success is a process, failure is a choice

I have been analysing some properties for practice and came across this one that I think it's a good deal just not 100% sure since I don't have any properties or experience just starting.

Curious to hear best practices or lessons learned on buying one Multifamily property at a time or saving on closing and other costs by putting together a packaged deal?

We just did the research on these new HUD guidelines the other day and here's a snippet of the larger article:What HUD’s new Guidance means for housing providers:Arrests records are not a valid reason to deny a rental applicant housing.Convicted criminals may be denied housing if the reason for their convictions clearly demonstrates that the safety of your residents and/or property are at risk.Blanket terms in your screening criteria that say “Any criminal convictions will be denied” are now considered discriminatory and in violation of the Fair Housing Act.The new Guidance does not make criminals a protected class, but rather establishes requirements to clearly prove why you are denying an applicant based on a criminal conviction.Remember that a housing provider violates the Fair Housing Act when the provider’s policy or practice has an unjustified discriminatory effect, even when the provider had no intent to discriminate.source and full article