Individuals are purchasing these properties, rehabbing them, and raising rents.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Yes - it is far more work than a silent investor in a syndication... but I want the control, so find it personally more rewarding.  

I focus heavily on the sell side and on the buy side only work with high net worth individuals so the newbie wanting a 400k multifamily with an FHA loan probably isn't for me. 

I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.

There are more complicated strategies to maximize larger listings that involve having like multiple listings for same property and do individual room rentals when it is slower and then for larger length stays, larger groups, and more desirable dates you'd book the whole space, but I think its easier to just do two separate. 

Building our PM company has been the most rewarding experience of my career. 

Seems like most of them never got the RISK / REWARD concept.

Use caution when borrowing against your stock portfolio, especially if it's a high volatility portfolio comprised of individual companies.

I've been tracing wholesalers in califonia for months, like nothing other state finding individual wholasalers in califonia is quite challenging I don't know if it's because the house prices are too high compared to other markets.