From my perspective, it is easier to do things fast then to put them off.

Similar to small shops selling through Amazon.Background in case it matters: As an old school tech guy who was there before the birth of the Web, I might have a bit of a unique perspective on tech changes impacting real estate.Tim BL invented the web so he could use Bill's software and I worked with Bill at two firms. 

It’s very simple and if they are true pass-through disregarded entities then it won’t make a difference from a tax perspective.

I'd even go a step further and make the question less obvious from that perspective.2) You have to decide based on your bandwidth and desire whether you'd want to be within active or passive real estate investing space.

I have two advanced degrees and share your perspective and frustration - what I have learned out of the classroom has been exceedingly more valuable - looking forward to paying off what’s left on my school loan with proceeds from my real estate investing efforts.

You do not first calculate net income and then offset with depreciation.Also, from a cash flow perspective, you are out of pocket 27k in a year as well, dont forget that you are spending 27k to get 1k dep each year. 

Personally I would like to hear your experiences in Cbus and get a feel for what it's like for you being on the ground (rather than the out-of-state perspective).

I enjoy listening to all the different perspectives, strategies, and life learnings.

How is Tallahassee to invest in from cashflow's perspective?

In that sense, the Zestimate is very good at predicting values (and from an innovation perspective, downright extraordinary).