You CAN create a limited partnership and define the ownership as you please, but the members can not sell their share; if a member wants out, the others buy him/her out.When we say Shares, think Stock Exchange share which are governed by the SEC.When forming a legal entity, you would acquire the right to sell shares openly ONCE registered with the SEC. 

lol, interesting comparison I would draw the same one for buying stock but that's just me.  

I plan on maintaining a full time job and investing until i can supplement my income with rental income.

You don't have to evict your stocks to get paid or fix your stocks front door.

Remember a half acre of grass may be neat for a single family or someone's dream home, but is just more to maintain in a rental.

Better to invest in somewhere, either Real Estate or stocks/bonds/mutual funds or a mixture of both.

@William Brown..The crash actually Catapulted my business, since most investors sat on the sidelines...Over 40 RE transactions ...Most of my projects included Rehabbing SFR, Renting, Owner financing and Turnkeys......Still maintain a solid portfolio..;)..Looking for great Multi units and Flips in AL and GA....also a licensed agent in both states since 2016..Woop Woop!!!...

If you have a ton of experience and there is not too much risk on the money and a very good chance of making a large profit, then giving you a larger share of the profits might make sense if it's a better return than he could get in the stock market.

I would not invest in SFHs, too expensive to maintain, too much work dealing with one tenant per property and tenants devalue a SFHs.

Your expenses on maintaining a old MH will eat up any money you make over the term.