It will familiarize you with the basic terminology and benefits.

@Otis Clayton You say "I am at the point that I want a partner with some cash and credit to refi the deals I get from marketing and talking to sellers"Based on that you are looking for someone who has cash and credit, wants to invest/benefit from real estate but does not have time to find deals.Look for someone like that, be clear on their role and your role.

So how do I socialize the benefit of doing something like taking a 200k ADU construction loan to add $X in top line and $Y after servicing the new note, but with an increased property value etc etc? 

I did my first deal at 25 years old (a house hack) and getting started early benefited me in many ways.It'll be tough finding multifamily deals where the numbers make sense right now.

It will familiarize you with the basic terminology and benefits of investing.

Your not getting any STR properties via arbitrage your just managing someone else's property and the owner is getting most of the benefit. 

AHP claimed their lender just took their notes and sold or reallocated them for their own benefit.

One of the biggest benefits we can offer over a hotel or large apt buildings. 

Extra income by renting and the benefits of appreciation.

You will get 10x the exposure listing on the MLS among plenty of other benefits going that route.