Since you want to operate as an agent, why not pursue your license, learn the rules, learn contracts, etc and work it from that perspective.

Purely from an investment perspective I would be concerned with the almost infinite amount of competition that exist.

I'm a newbie, but I think you're looking at this from the wrong perspective. 

I don't necessarily "need" the cash that's tied up in it but that is a big chunk of money I could potentially invest elsewhere (but without a known rate of return like I'd get on this place).The property is 2 hours from where I live so I need to find a property manager.Interested in any and all perspectives on this and happy to answer additional questions if they help paint the picture.

Do you tell sellers you're bringing 'partners' or 'inspectors' to the house in order to show it to perspective end-buyers?

From an outside perspective, $900/mo cashflow on a 4-unit building is solid.

I know that, from a tax perspective, LLCs are best for buy and holds and that LLCs taxed as S Corps are best for flipping houses.What is the most tax efficient structure for condos?

It depends on perspective here.  

If you take into account of renting an entire house on BnB it's pricing is hard to compete with a hotel room(s) in major destination areas.As for small houses, I looked at a couple projects and thought about a desig for the "micro house" and it is extremely difficult to get them to pencil from the construction perspective on a large scale.

I know I have a different perspective than many, but if I have a completely wrong perspective, I am always open to hear it.Account ClosedThank you very much I appreciate it.