We do get a better fee/split structure, and that's a fair trade for the extra work of managing a large investor base and it's associated extra accounting and tax reporting overhead.I also find the advice in the OP to be contradictory. 

The danger is you'll be trading one transactional business for another.I would find others who have built a real wholesaling/flip business with systems so you can scale, and if you want, you have something to sell when it's time you've bought enough rentals.Good LuckGino

Go to college (or, alternatively, learn a good trade) and set yourself up for maximum earning potential in a field that's interesting to you. 3.

Do you have multiple for vendors per trade?

Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Good day everyone, I am fairly new to multifamily real estate investment and learning this trade.

(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.    

While that’s appealing, the added complexity with tenant turnover, varying personalities, and managing shared spaces can make it a bit of a trade-off.I’m curious, how does it look in other markets?

I have been rehabbing houses in Milwaukee for 15 years and I am on my jobs at least 2-3 times a week - even though we use the same trades and typically do the same work.

For starters it can be more difficult to find comps as there are often less multi fam trading than SFR of the same size and count.