The absolute best way to avoid taxes is not earn income.  

That said, if you are working for a company that does not allow real estate in their 401(k) setup (most dont allow) then I can see where you might look at where is best to put my hard earned dollars. 

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

If there is more demand than supply, this will be the outcome in desirable areas. 

Spend at least 2 hours per day researching online about your desired investment strategies.

The key is to purchase in desirable locations where demand for rental housing is high, ensuring consistent occupancy and the potential for rental rate increases over time.2.

For investors, would earning passive income through property cash flow (without actually owning the property) be appealing?

If you move to NYC, focus on maximizing your earning potential while investing in affordable out-of-state markets with strong rental demand, like San Antonio or Indianapolis.

One problem may not be feasible to fix, and the other is easy to fix.Does the apartment complex have a unique feature that makes it more desirable? 

In its first year, the rental only earned enough to cover half the mortgage.