The reasons to buy SFR would be to flip since they have the advantage of (1) a bigger pool of potential buyers - retail buyers (2) a bigger pool of inventor - in a lot of markets even finding a multi can be difficult.I will say though that my SFR is much lower maintenance than my multi-family tenants who are more transient and less capable of solving any problem that comes up - i.e. change a light bulb, plunge a toilet.  

There are probably no tax benefits for you if you pan to have a single member LLC.In some situation and LLC may offer you additional asset and liability protection but as I said this is not an absolute.

I had planed on attending, but would have had to leave work 5 hours early so it just ended up not panning out. 

Caution... you can make 10% with the Norris group right there in LA and have a straight up investment.. this is a scheme and probably one that does not pan out.. just a guess of course.. and your explanation is anything but clear however any risk for 10% is not warranted in my mind

Do you have all 4l - 6l (1.0 - 1.28 usg) toilets?  

I would also check all fixtures in the building - a couple of leaky toilets can run through a tremendous amount of water each day.

@Bryan Sowieja  well not a popular thought but its realistic.having owned a bunch of rentals in Mississippi we get some pretty large tenants in those areas.And special toilets are required along with reinforcing sub floor below.. and they can wreak havoc on plastic tub shower combos... can't comment on if you can exclude them. but if you rent to folks that you know are quite heavy no matter there physical type  IE professional athlete  power lifter.. cage fighter  WWF or whatever... you do have certain realities in the bathrooms that need to be addressedI have had more than one 400 lb plus tenant have the toilet give way on them during the act. 

The flooring is fine but the toilet, bathtub, and there is a window I want to replace with all glass that I would like done.

When the tenant calls to say the toilet is overflowing, saying the furnace will not stay on (and its 2degres F outside), you can't reply, I'll make an appointment for this coming Friday.Walk before you try to run, get some real life experience.In the words of Theodor Roosevelt, "Walk softly and carry a big stick".Don't want to rain on your parade - - really and wishing you nothing but success.

Well I bought an office in a condominium - The tenant decided to stay  and I really like the fact that  the condo takes care of the outside and all I have to take care is the bathroom ( there is no kitchen )  - So unless the toilet breaks it is maintenance free.