You can scale from there.If you are planning to stay in the area long term, I recommend buying a primary. 

If you would rather not have this be a stressful process and want to scale the easier and simpler way stick to turnkey deals.

Hi Robert, I've scaled to a 9 door door portfolio through BRRRRs, Turnkeys and everything in between. 

Their concept is not new and has been around for ages with people renting rooms in college towns and more expensive markets (NYC, LA) however this is a centralized more hands off management approach to self managing by letting them do all the heavy lifting for you which allows you to scale in less time so yes the concept definitely works and even better with their technology behind it.

Fortunately it never came to that and I was able to scale much faster than I could have without.

You'll need to consider DTI for any of those options, which is usually the limiting factor for people as they start to scale. 

When you're ready to scale and build this as an actual business you will need assistance in all areas and PadSplit takes alot of tasks off your plate so you can focus on the growth part of your business. 

How about a modest salary during the hold period for the capital raiser, no big acquisition fees, disposition fees, or AUM fees/management fees that scale with size, a requirement to be full-time on the job managing the money, and large upside AFTER LP capital has been returned?

I am in a position I am not exactly sure of the best strategy to take. I currently own a 3-unit multifamily I am selling/1031ing. I initially wanted to buy something using the BRRR strategy that fits the 1031 profile....

I started to scale back on my comments, partially because real estate for me has gotten very stressful and I'm taking a break from buying anything.