It's ideal for BRRRR investors because they'll only require 90 days of title seasoning to use 75% of new appraised value rather than a loan to cost approach. 

@James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it.

My ideal 2nd property would be a buy and hold rental SFR or duplex/triplex.  

Can you present an ideal market as the target investment?

Need to find large value add multi-family for 1031 exchange (light to medium rehab ideally) primarily hunting in DFW, Orlando, Phoenix but open to deals in other states, MSA's.Other markets/states under consideration are anything in PA, CO, ID, TX, OR, WA, AZ or the Carolina's.Don't really want to go under $800 per month on unit averages, ideally $1000+.Price range of $10-$50 million.If anyone knows, or is a producing commercial broker in these markets, I would love to get in touch!

A corporation is an ideal choice for an active real estate business e.g., flipping. 

How does this compare to driving for dollars, auto dialers, direct mailers?

If you as a example are a landlord there yourself with 2 to 3 other people as renters that is not an ideal situation as it is your word against theirs as to what events happened, when, and how.

For me it would make sense that you don't necessarily need to sell, you could ideally refi, have the same amount of money leftover, and do what you wanted with that money anyways, and continue to collect cash flow from those first two properties as well as any other ventures that you use the cash for.

@Melba Chambers It can be lucrative, just may take a while to find the ideal tenants.