Pretty much all aspects of life have a pro vs con, risk vs reward, convenience vs money and time component to them. 

One might say this kid is crazy and in for a rude awakening, I would say it's a challenging opportunity that if cautiously and diligently embarked upon can be successful and financially rewarding.

The government only rewards those that can handle a risk.

It's powerful and it's rewarding both from a monetary and personal satisfaction standpoint.

The point being that the  marketplace rewards higher risk with potentially higher cash flow.

Since this is my first time, how do I screen the investors that they understand the risks and rewards?

As I'm sure you're aware the greater the risk the greater the reward.

There are a couple of passive options that come to mind that offer different levels of risk / reward;1) Participating in a syndicate - Spend your time vetting syndications / syndicators that fall within your investment envelope (e.g. 50K, 250K).

I did this recently with a 3 fam property, where I only put down 8%, allowing me to buy more property than I had previously with less $ than I needed conventional. a little bit of a harder search, but more rewarding for sure.

{this focuses on residential real estate}Douglas Gray - "The Canadian Landlord's Guide"Steven Cohen & George Dube - "Legal, Tax, and Accounting Strategies for the Canadian Real Estate Investor"@Julie Broad - "More than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing"   I had already been investing for several years before Julie's book came out, but believe a new investor would gain more benefit from the book.I am not a fan of Don Campbell's writings {it may be style thing} or his ACRE scheme and RIEN network which sells "guru-style" education, but there are many who have read his books and do like them.Don Campbell - "Investing in Canada: Creating Wealth with the ACRE System"If you want a resource for commercial real estate in Canada:Pierre Boiron and @Claude Boiron - "Commercial Real Estate Investing in Canada: The Complete Reference for Real Estate Professionals."