however, if your neighbor was trying to sell their house but couldn’t and you went over there and you signed a purchase and sales agreement saying that you will buy it or assign it to somebody else I would buy it then that’s perfectly fine but when you present this deal to somebody you present to them the paperwork the paperwork will indirectly collect the actual tangible real estate you cannot market directly the real estate only the paperwork unless you had a license.  

Or is it an indirect purchase since I'm not buying from myself?

SincerelyJosh So the secret is out, but you’re not a broker trying to indirectly market your services.

They've also got integrations with a couple platforms that facilitate indirect integration with other PMS platforms. 

[This would apply to the member manager of the LLC]Under the exception, an individual would not be treated as holding an interest in a limited partnership as a limited partner for his tax year if he also holds an interest in the partnership that is not an interest in a limited partnership as a limited partner, such as a state-law general partnership interest, at all times during the entity's tax year ending with or within his tax year (or the portion of the entity's tax year during which he directly or indirectly owns the interest).

Thus, the investment grows like it's sitting in a roth 401k/IRA       Then when you die, your heir gets a step-up in basis, thus eliminating all the prior capital gains over decades, but only up to 13.6 mil this year :(              Debt Funds (like mortgage note investing) can also be very lucrative but I don't know/understand the tax savings/issues in that class yet, still learning :)              Equity REIT investing can give you great siloed real estate exposure in 11 major asset class sub-types, but don't offer the direct tax benefits as direct RE ownership does above, as the REIT gets those benefits when it transacts and as a corporation passes those benefits secondarily/indirectly onwards to us investors as high dividends and gradual stock price appreciation.

However, I am wondering if I’m “missing out” by not investing in direct ownership of smaller properties that I have more control over.

 ive delt  with the lead inspection with several of my bosses homes          this one guy has done 8+ of our homes so far    hes very concerned about the kids if any that live in the homes, because they are the ones  in direct contact with the walls and are very touchy on the walls and surfaces where lead could be ..   

That is in direct violation of the AirBNB rules.

It has actually spurred a good bit of conversation from people that I work indirectly with, which is good for my RE business.