No you won't benefit from the tenant paying down your mortgage or the house appreciating, but you also won't have to deal with tenants, maintaining the home, etc.

Stocks again can diversify (and frankly I don't see the benefit in investing in real estate related stocks - there are much better options) Are there any tax benefits?

Even if my cash flow is negative while I live there, I will still be enjoying all the long-term benefits of owning real estate and my living costs will be cheaper than renting if I choose the right deal/property.I appreciate the insight!

Both residential and commercial real estate stand to benefit, as workers will need homes, and businesses will cater to their needs.Historically, large industrial projects have led to housing booms.

Side benefits or PM besides free time.

I would invest in coaching after you've done a deal or two and can truly benefit from it. 

(currently  I have been sending my investors a 7 question survey to fill out for their criteria)My goal is to build genuine, long-term relationships with investors by creating opportunities that benefit everyone involved.

@Tar-U-Way Bright Using your LLC for real estate ventures offers legal protection and tax benefits.

I am new to this and I would like to benefit from your experience please. 

It will familiarize you with the basic terminology and benefits.