As Dan said though, there are many tax benefits.

Search the BP for ADU appraisals to encounter numerous examples.

They also like the tax benefits associated with ownership.I've taken both approaches and have benefited from each.

Known  Potential Black Swan events, numerous.  

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.

.: Quote from @Caleb Brown: I am an agent so of course I get a benefit when a deal closes and I help a client but I have also seen the money and benefit real estate provides.

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

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

But if you have passive income from another rental or real estate syndications, using it now might actually be a good idea.It all comes down to strategy—don’t rush the process just to get tax benefits if it’s going to make financing your next deal harder.

This allows you to benefit from appreciation, continue building equity, and still access capital for new deals without sacrificing an ultra-low fixed-rate loan.Would love to hear what direction you’re leaning—lots of ways to approach this depending on your risk tolerance and goals!