Note investing vs. buy and hold rental income

[Account Closed]

Buy and hold multifamily residential property vs. note investing vs. REITs, Pro vs. Con?

One podcast I heared Joshua Dorkin mention he was interested in shifting from buy and hold multifamily residential, to note investing. The podcast on notes got me thinking about yields and risk. I may be comparing apples to oranges to bannas as note investing has a commercial property aspect that multi family residential does not. There's also tax benefits to actually owning property, whereas notes or REITs would be considered a capital gain investment?