Usually yes, however there are crowdfunding opportunities like sparkrental.com that allow for low entry.   

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.

Cody,It is not easy with low down payment and  with current prices, property taxes and rates to live for "free" these days in most of the country.

ADR projections in the low $100's and actual in the high $100's in our off seasons and mid/high $200's in our peak seasons. 

It's not really a benefit to be confusing.For simplicity, it’s a way that some people choose to take title.

If the companies are large enough, and can tie down enough real estate at low prices to make them work, it can be profitable. 

Currently I am exploring investing in new construction rentals with the goal being to better calculate cash flow at the front end with maintenance/cap ex expenses being low for a prolonged period of time and predictable.

Go online to Home Depot, Lowes, etc. just to keep tabs as to what's going on. 

If you aren't sure who to choose from, ask each of them for a meeting/consultation to break down your goals, the market, and the acquisition process.Once you've selected one, have them draft the offer for you and take it from there.The best agents are responsive, knowledgeable on the local market, have a strong supporting team (i.e. lenders, title, inspectors, title, etc.), and know how to put together a deal.As @Michael K Gallagher mentioned, you'd want to clarify whether or not your agent is also representing the seller.

Tax Implications: Are there any tax advantages or disadvantages to consider when choosing between an Ohio or Wyoming LLC for owning Ohio real estate?