The benefit of this is that you are not paying Hard Money rates so in long term there is a lot of savings going this route.

Hey guys if a city worker who can buy properties for half off on the land bank as part of there benefits would it be worth it.

What are the key benefits of investing as an LP compared to direct ownership?

There are some potential material benefits to GSE independence.

Their income is also all self-employed and social security benefits.

You will lose ALL tax benefits and owe all the capital gains that would have gone away. 

The upper level of society works in ways most of us will never understand...it sadly continues to be a back-and-forth thing of reaction...If our country and Chicago as well could take a proactive long term approach, our kid's kids would benefit in a way we couldn't image....

You may be able to get into a reasonably priced house hack in these markets and benefit from some nice appreciation.

Even if they do pay all the taxes, they don't get to use the benefits they are paying for (medicare, social security, etc.).

Have a conversation with a CPA to see if you will benefit from the cost segregation before getting it done.