If you have character questions, then this may help you gauge their commitment, but if you have character questions you shouldn't invest with them no matter how much they put in.  

Unless you have some very close ties that know and trust you.Next is the bigger HML  we are seeing 1 to 1.5 in points and 8 to 9 %  and interest on drawn funds not the commitment which is mandatory in my mind in new construction. 

My potential partner wants to sit down with these people before he fully commits.

Additionally, by requiring money to do what the law demands, Investment lllc through its agent is committing extortion.

I've read enough material at this time to feel fairly-confident in my abilities and conceptual understanding, along with undertaking the commitment to myself to always be learning. 

. $400 per transaction), low monthly fees and no in-office time commitment requirement to cater to agents who are not full time.

Yeah I’ve read these silly articles...millennials not buying RE due to Great Recession scare, huge student loans, afraid of commitments, etc...and I’ve read other articles saying that well off millennials are smarter than past generations (easy access to info via internet) and are buying RE, investing, saving smart, etc.Guess what folks?

It is mostly for physiological support for risk adverse indivulaes wishing to sleep better at night.You should seek out landlords with actual first hand experience of situations where having a trust or LLC actually protected their assets in a law suit before you commit to one.

Or would a job like this require a much larger time commitment?

Since it appears this is your first purchase of this type of asset I want to encourage you to dig deep into the creditworthiness of the tenant and their commitment to this property.