Hi @Jerry Nogueras that depends on your goals and how open minded you are to different strategies. 

That's up to your goals and long term strategy.

Are you adjusting your strategy as rents decline?

Some people want full immersion into a strategy, and want to accelerate their business and shorten the curve.

I was wondering if there were any builders who have any good strategies on where to buy land when you're looking for spec homes.

With this strategy, we knew exactly how each house was operating and we could intervene or change leadership of the house if necessary to assure operations were going as we expected. 

However, I wouldn't say it is a complete tax-free strategy. 

If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.

If not, I would advise researching this strategy.

If you are fixing and flipping then you wouldn't need a PM, but every deal an investor is looking to purchasing that is a value add strategy, you need a good GC and broker/agent.