I personally believe it would be since what I am paying is arguably going into the principal of the property.

Most people only care about the "management fee" and it's arguably the least of the things to consider when considering a property manager.  

One big difference between the two is: building a multiunit is arguably a full time job - especially if it your first time; a lot of unknown variables, moving parts and unforeseen circumstances. 

It bothers me that they are stingy with the money to even qualified borrowers, yet they are arguably giving money away to delinquent borrowers.

My end goal is to invest in apartment syndications because I‘m a believer in the asset class, you have arguably the most capable and experienced operators putting deals together and it’s one of the most passive types of investing.

Having a flexible job with enough fat to save and invest is arguably a better position to be in for what it sounds like you want to do.If you do work for someone, I would suggest a much smaller venture, where you are able to wear many hats.

Which in Socal is arguably the better route anyway since the historical appreciation on SFR is great and they are generally less strictly regulated...i.e.

You arguably will have a better chance of success if you don't go at it alone. 

Although arguably if the veil is somehow pierced on the fund LLC, then perhaps it might be somehow be ruled as pierced on yours as well. 

There's virtually no way I can use my knowledge of the county recorder's office here in Essex County (arguably among the most difficult to search in the country) to help you navigate a recorder's office in LA.