This plays into the affordability issues for tenants by allowing them to live in nicer neighborhoods for less money, yet I get monthly revenue comparable to short-term rentals.

It earns a great rate of return compared to a bank account and is fairly liquid.

Today is very different as it is all about the management (and not appreciation) compared to past where management could suck but you still had superior apprecation.This will not crash housing of course but all those "creative" deals where people are paying more than market value are going to realize they have no exit. 

Looking to invest with Praxis, but wanting to compare their current offering with a couple more. 

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I'm struggling a bit on that comparing the passivity, appreciation, etc

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

But honestly, you'll want to shop around and compare a few local PMs since fees and services can vary quite a bit.

Sure, it took almost 10 years to retire, but compared to the 30-40 year plan most people use it was a dream come true.

Right now they are "high" (compared to 2020) and people "think" they are going lower.