I'm not against this concept per se, just trying to understand.  

Building a model, while not "easy" per se, is a commodity.The ART comes in from your outlook on the broader market, the metro you are in, the submarket.  

Just looking for alternatives besides public REIT's like Essex ESS which was the highest returning publicly traded REIT from 1994 until 2020 averaging around 17% (I don't have the exact number but it's close) and Prologis PLD.

@Jordan Lowe, I am chiming in, not because I can help with your initial question, per se, but to make sure you are going in with eyes wide open.  

I get your post and the dilemma with your brother, it may not be an "investment" per se.

I am very active and connected in the Milwaukee/SE WI market and run several investor groups where we keep each other aware of referrals and people/companies to be wary of. 

NO SE PUEDE VISITAR!

Code Se. 2.716, https://casetext.com/statute/texas-codes/business-and-commer...Specific Performance Versus Damages for Breach of Contract: An Economic Analysis, Shavell, Texas Law Review, Vol. 84, Num 4, March 2006, http://www.law.harvard.edu/faculty/shavell/pdf/Shavell-SpecP...Anything more, you can request a consultation and pay the retainer.

Your property mnaagemetn pays income tax on $5,000 + 15.3% SE tax on $5,000. 

Looks I have to report net income on SE Line 24 ($2k), but on Line 25, I cannot claim losses due to higher income (>$150K).