Some people may think it is those with below market rents but i question if this is true as these tenants will now get max allowed rent increases Would they have gotten such large rent increases in the absence of rent control.

But starting with single-family can be a great way to gain experience and confidence before tackling larger deals.If you were someone I knew personally, I would probably suggest multifamily, but it's not for everyone.

I know some investors who are interested in larger multifamily and encourage me to go find the deals, which makes me really eager to try to get after it.  

Have you had larger Cap Ex projects that you didn't anticipate?

Have you considered diversifying into multiple smaller properties or going all-in on one larger property?

I than let them know my top choices for PM/TP provider in that specific market, not just my own but whoever I see as current best, and what there rates are.     

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

These larger projects are going to have a lot of steps.

There is not the appreciation of the larger cities, acquisition costs are much lower, not difficult to find carpenters to do work, cash flow is over 1%, minimum regulations, and good tenants are available.

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?