Our net operating income (NOI) margin is 54%.

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

Right now, there is probably very little cash flow, after operating expenses and vacancy.

So, cash management is a function whereby the manager determines the cash not needed for the current operating cycle (week or month, daily in big companies) and puts the cash to work at better interest.

So a realtor is a big gamble at that point. 

(Mass Govt should be giving experienced landlords (5 years operating with at least one unit at profit as a buy and hold) zero down loans to house these people (in areas they currently live in--so they can stay close to friends and family), and free money to fix up the Brockton type area homes to modern standards inside. 

I would say today 40-50% of your income goes towards normal operating expenses. 50% if you want to include replacement reserves which you should.

Is it not true that when you lease your property to an LLC and have the LLC manage tenants, you create a legal barrier between yourself and the property’s operations.

Good stuff to think about, thank you Sebastian.It's cool to see extra replies from time to time on this post as I continue with the ideas.It's interesting, I looked into different DSTs and had conversations but just didn't feel comfortable with what I felt was a lack of control or ability to really know the operators and properties.I also kept running the numbers and just couldn't make 1031s into other properties make sense with the new interest rates compared to what I have now. 

In my opinion investors buy properties with break even or negative cash flow and hope for large appreciation are taking a gamble.