Basically the only thing you loose it the ability to offset ordinary income and of course your tax rate changes.Offsetting ordinary income with depreciation from investments is an awesome perk but the tax advantages of real estate remain pretty amazing no matter how rich you become. 

And they also have an amazing automated system in place that helps Rehabbing/Flipping, Wholesaling, Reverse Wholesaling ( my fav)  and so much more..much easier including paperwork, contracts etc. 

I see some amazing strings on Bigger Pockets.This one is right up there.  

Tax for home owners are amazing for many reasons, but ultimately it depends on what you actually invest in.

But I have been highly motivated by a few great books and some amazing success stories.

What an amazing story.

@Joel Baptiste - If I knew the best answers to some of those questions, I'd be a wealthy woman!

I would suggest option A Keep in mind great deal of city owned properties are located in c- areas. ( locations .... locations )Reason for not option BNow flipping sounds amazes, but the local market number wise have been very tight margins over last year.   

I've begun looking in Chicago for bigger deals and have been very lucky to have found a great broker and an even more amazing (future) property manager.  

That is amazing @Ellis San JoseAs a person starting my journey, how do you start your "Due Diligence" to evaluate notes?