He has 80% liquidity to move into investment real estate and not 50-60%.

Also no real issues with our 5 arbitrages in an apartment complex.

And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc. 

I never paint, swap rugs (except flooding), or do other improvements on rent controlled units This can lead to blight.Who benefits from rent control?

It will familiarize you with the basic terminology and benefits.

The homeowner has direct title, can sell at any time and gets 100% of the appreciation and tax benefits on these houses.

I’ve been interested in real estate for years and have invested as an LP in several projects, ranging from residential single-family homes to NNN properties and flipping.While I haven’t owned any property yet, I’m hoping to take that step in the near future.

You need to do a cost-benefit analysis to determine if it's worth it.  

If you’re looking to make real estate your new job and to earn cash now to use and live on like a job, then go for cash flow.

Im generally distrustful of most people/funds in the real estate world.