The narrative that these are cash flowing properties is aggressively pushed by everyone who benefits from these transactions...turn key operators....brokers....pm's but its incredibly difficult for the non hands on buyers to operate these homes for a sustainable period of time.

Any major drawbacks or is it easier than it sounds? 

I did find the midwest, specifically Ohio to be incredibly good for appreciation and cash flow (for MTRs). 

Honestly looking at your situation I'm not sure I would recommend you do the taxes yourself,  change of accounting method (F 3115) isn't easy for someone that hadn't done them before these online software companies make things seem easier than what they are, they are good for less complex situations. 

.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less  wear and tear while fixed costs like cleaning and painting are easier to absorb. 

Vs. wanting to make it easier for the people who currently own 0 homes and can't get one because of the higher rates. 

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

You need to be on all platforms - incredibly important to diversify!!  

We try to have all of our leases end in March-June so it is easier to lease the property in the spring/summer.

It's easier for an investor to stay committed to the plan and avoid change orders than it is a regular homeowner.