I am in the process of networking locally to start figuring out who can/should be part of my team.Originally I had had an interest in being a limited partner in syndications, but with my goal of enough cash flow to replace my day job (and eventually my wife's), I don't think that that is going to get me where I want to go.So I am now considering SFH, small (<4 unit) multitenant.

So I would tell you that 2-5 rentals is a piece of cake to manage - even if working full time (we kept 2 corporate jobs until we were up to 20 rental units.)The other thing I would tell you is that there are MAJOR control differences between being a limited partner in a syndication - where you are more akin to a passenger on the bus which is your investment, versus full control of everything when managing your own rentals.  

Get first hand information:)  I haven't followed this thread in its entirety, just responding to this comment.Isnt it a bit arbitrary to set a 600k limit for what you consider luxury and having a potential dom problem?

W-2 income, but it’s subject to passive activity loss limitations.

If the only option for a potential buyer is to continue operating as is, that’s going to really limit your options. 

Room offerings are limited!

I invested in one deal as a Limited Partner and one as a General Partner.

I do like the Roth but it self-limits with small annual caps. 

There are usually limits on the percentage of units that can be rented out.

They are generally small with limited floor and wall area.