I see little benefit in the FHA as an option as long as the 5% conventional loans are available now.  

One of the side benefits is that I can avoid the whole draw/inspection process (not overall inspection, just the ones tied to the draws) and don't have to worry about draw fees.

The perceived benefit to the investor is they either get the inflated price, or if the deal goes "bad" and the tenant defaults they get to keep all the deposit money and rent and all that.

It’s worth considering self managing as a STR for depreciation benefits if the demand is there 

I'm just here to note that an LLC does not offer a single tax benefit, nor does it allow any deductions that aren't allowed without an LLC. 

Duplexes with separate porches and driveways act as SFH with benefits.  1.  

.- Optional Benefit: If you believe an elevation certificate shows your property is at a lower risk than FEMA's assessment, you can submit one to potentially lower your premium.

I know of all the benefits that come with real estate but it seems like if you break even with 20 percent down, those are similar returns to just putting that money in the S&P 500.

cash flow is going to be found in tougher, niche strategies that are more like a business and less like a passive investment... and LTRs aren't all that passive sometimes either.the benefits to LTR real estate are... 

Usually conservation easements come with Huge tax benefits for the party putting the property into a CE.