Thus you need to blend time spend and active management with simplistic discounted cash flow analysis to see which vehicle is "better."  

Sorry for the simplistic examples but really want to understand LLC creation, in's and out's with regards to multi person as best I can without jumping into anything.  

If you assume a compound annual growth rate of the numbers below for 30 solid years from 35 to 65 here is where you'd get net worth wise:20% Growth - $237.4M19% Growth - $184.7M18% Growth - $143.4M17% Growth - $111.1M16% Growth - $85.8MThis, of course, is overly-simplistic and assumes you'll have zero bad years out of 30.  

Maybe I am being simplistic, but I try to look at any situation like this from all sides.

As owners, we get to grapple with that.And I guess I just wanted to chime in here to say: I haven’t figured out the answer yet (although I think it’s either #2 or #3 in your list of options, perhaps combined with some active engagement in housing policy-making at the local level) but I wanted to encourage you not to blindly accept overly simplistic answers to your important questions.

I was unclear in my overly simplistic example.

So the simplistic question is: are you going to be good at it?

It sounds like a too simplistic of an answer but the reality is that you will find one, it's just going to be harder to find and may take some creativity in how you use it.  

The business manager describes the opportunity is simplistic terms over the phone. 

It's helpful to know a little bit about who I'm talking to; I don't want to be giving simplistic advice/comments to someone who has been investing for years or talking way over someones head who has yet to buy a house.