With real estate investing, you have the tax benefit and depreciation along with what is hopefully an apreciating  asset.

It will familiarize you with the basic terminology and benefits.

You will lose one of the best benefits of the real estate industry, appreciation.

I just do not understand the need to add "benefits" to the programs  that are just not real. 

Small (1700 sqft or less) medium (1701 -1999 sqft) and large (2000 sqft or more)Cost benefit analysis Estimates IF 300+ homes are built over 10 yearsAlot of technical information to say that:- When I start development, i will be going into uncharted territory. - New construction will be comped against other new construction - Start out with enough comps to justify the price point- keep the area tight to consolidate the risk vs building one or two in different parts of the same neighborhood. 

Can provide all the benefits from a cash flow and tax perspective.

Here is a presentation I made describing the benefit of doing such vs a regular investment.

You need to do a cost-benefit analysis to determine if it's worth it.  

It has almost zero benefit to have it to just represent yourself. 

Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.