If they have no skin in the game and they aren’t playing a “mentor role” I don’t know if I would give a percentage of the profits.

Almost half of my portfolio has Section 8 tenants in it and as non section 8 people move out i try to move in more Section 8 tenants but i make sure my property manager screens them THOROUGHLY....not with just what's on paper regarding credit report, income and past criminal activity (If any).....I make sure my PM screens to make sure they have no pets, no evictions, no smoking OF ANY KIND and no felonies and we still get TONS of people calling...the biggest problem becomes picking someone from who is left.   

Our properties are inspected by code enforcement at least every 5 years (Usually every 3) so it keeps us inline as well as gives us a level playing field.

There are 2 open active funds in the marketspace.

I actively own properties in both areas.  

Consider weather issues (hurricanes and tropical storms) and sinkhole activity (Pinellas, Pasco, Hillsborough, and others are high on the list of sinkhole activity).

All duties will be split, however because he lives 1.5 hours away, I may Be more active with tenants/fixing issues that arise..

I also learned that if you're going to play in Class C, you must STEAL property. 

You'll meet a lot of active investors.

Go stuff envelopes for an active investor, realtor or Broker. #7 Research your areas real estate groups.