They also require less time compared to owning a rental outright.The reasons that I don't like REIT's as you mentioned in your post is that they are not efficient from a tax standpoint.From my understanding, REITS pay ordinary dividends and not qualified dividends.

For your 2023 taxes, you can deduct ordinary and necessary expenses, even if the property was mostly vacant.You can deduct the full travel expenses of ~$2,000, while meals are only 50% deductible, so claim $250 for meals.

I see the rentals as wealth building and flipping/development as a job (with ordinary tax structure).

You can expect to pay $150 - $300 per square foot, which is what it would cost to build an ordinary home.

Hopefully, your lease says the tenants cannot modify the property without your permission.Some of the other items could be ordinary maintenance requests or something you are just stuck with.

If political regimes **** up their economy and try to solve the problem by printing money, the currency hugely devalues as it's done in lots of latin American countries like Argentina, etc. 

Suspended losses from cost segregation are released and can be used to offset ordinary (W2) income when a property is sold.

I have American Family.

I can appreciate skepticism and people not just throwing themselves at something with the classic dogma of American society.

We focus in 12 markets in Florida, including SW FLWe are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group, Jake & Gino and more We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional buying side.