Frank, Looks like you really did your homework! 

It sounds like you've done some homework. 

RE is nothing but math, just know your numbers ,Buy right, reno right, rent/ sell right, YES that simple LOL 

that's why high turnover is so expensive - you're patching things up / cleaning up / and then paying another month's rent just to get it rented on top of any vacancy.and again - that's just hypothetical math. 

I just did the math myself and you're looking at $300/mo per property or something like that (of course depends on where you are and what you buy).Take it slower - buy one very good property (preferably a serious fixer) and get it done, then Re-Fi and keep moving....

I think your investing in experience and they will make the right move, just do your homework if that's the route you go. 

After doing the math, it looks like claiming section 168k now if only allowed against federal might be more favorable than reclassification.

Let's say the home is listed at $500k for easy math and homes newly renovated are worth $800k. 

This, of course, involves market risks and the value of the property, but I don't have to worry about the company manipulating my equity - whatever that property is worth times my fractional ownership number is simple math of what I own.Investing in 7e means holding private shares.

OR is there a flaw to my math/logic that I’m not seeing?