So, I don't think "minimizing cash flow" is or needs to be anyone's goal. 

Simplifying to a single operational entity (Series LLC) for rentals and management can effectively meet your goals while minimizing costs.

It's also going to be difficult to cash flow in most markets if you ARE able to put down 5% but if cash flow isn't your goal, then that's irrelevant.

Our ultimate goal is to get into real estate development along with buying rental properties.

The pros and cons most likely have to do with your goals. 

Hello @Sam Epperson,if my goal is to find off market leads, and I want to start with cold calling distressed owners, what exactly am I saying to them?

My guess is the goal was a battle of who's got deeper pockets - if the victims don't have the $$ to file a lawsuit, he won't have to defend himself against them as no action will be taken.

My goal is to build a sustainable rental portfolio that provides great housing for tenants and solid financial returns.I’m looking for advice, insights, and connections from experienced investors or local professionals.

Happy to connect for coffee and chat more about your goals. 

The reason i like working with Mark (along with the quality of what he puts out, which is better than most cost seg studies I have seen) is we have a great working relationship that we can readily discuss a client and their goals.