Acquisition is the root of real estate investing - if you can master the systems and processes around that you will have a skill that can be translated to bigger and bigger deals.I'd advise against developing on your own at first - if you find a partner that is knowledgable then go for it.Syndications can be great, they also can be horrible.

Quote from @Zen Lenon: Hey Allen, Merry Christmas Eve! 

Once you can figure out how to buy your second property, then you've started beginning to master scale.But I have a questions, you said:"Our end goal is to build wealth over the next several years and leverage that wealth to buy multifamily commercial properties!"

Operating an LTR is quite different from managing a short-term rental , so I'd recommend focusing on mastering one strategy before expanding your portfolio.

I redid the master bathroom by removing the tub and putting in a standing shower with white granite looking tile, and a custom glass shower door.

I'm now putting a lot more into public markets (index funds, stocks, Master Limited Partnerships, Business Development Companies, bonds).

I will split a giant master room into two smaller rooms and will convert the living room to get the additional three rooms.

Additionally, due to limited capital and the desire to minimize risk in a new country (for us) we employed a Master Lease strategy.

We did a master suite addition to the property What was the outcome?

Interesting that this isn't covered with the "masters".