I don't put all my eggs in the STR basket. 

At a standard brokerage, we have to design how were eating their lunch and what's left. eXp put's out there they will give away the lion's share of brokerage comm split's, making it available to those "up-chain" of that agent.

I am certainly afraid of the unknown, which would include those fees eating up the equity that I have built to date.

Holding a flip long enough to reduce rate to cap gains rate means you’ll likely have unproductive capital, which may be more costly than eating ordinary gains taxes.

I would think it would eat up a big chunk if not all of your buy-down.

But inherently in this syndication dog-eat-dog world, at the end of the cycle someone would be wiped out.See this is the reason I personally stayed away from commercial RE, incl. multi family.

Trying to be an investor when you don't have personal finance discipline is like going to a cross fit gym when you drink beer and eat fried garbage every night. 

It is totally different if all you have is $100K and the fee eats up 18% of that.

*Feel free to skip the next paragraphYou are what you eat.

And I know it eats up time, but honestly, those are big things.