The ability to generate more income for simply the cost of a building is another huge cost saving over buying an expensive commercial lot and developing it.

Here are a couple of developers you should take a look at Trion Properties, their principal Max Sharkansky posts here on BP, https://www.biggerpockets.com/blog/top-5-markets-multifamily-rentals-2019and Feldman Equities out of Tampa (3rd generation real estate family famous for having built the terminals at Chicago O'Hare) who are among the only ones opening up downtown skyrise office buildings to accredited investors.

A single property is simpler to manage, carries lower financial risk, and offers streamlined tax reporting but may generate taxable income sooner.

I've started flipping houses in the HRM (currently flipping a house in Fairview that was purchased off market) and plan to focus on flipping to generate cash flow for the next while. 

The goal is legitimate: due to complex tax rules, you have opportunities to game the system by selling some of your investments and intentionally generating either gains or losses.

Hey Mark,I’d also recommend considering DataFlik for deal sourcing and lead generation.

Hi everyone,I’m seeking advice on a property for a family friend who’s considering selling it to reinvest in opportunities that generate better cash flow.

First, please do NOT think you're going to generate enough cashflow to live off of within 3-5 years. 

We don’t plan to leave jobs and live off of the portfolio but have it as a wealth generator aka hedge against future risks

We basically want property to generate some cash flow and long term appreciation.