The 75-75-90 rule is generally considered a positive for investors.You're right that some syndicators can charge excessive fees.

However, taken together, they add up to what I would consider excessive.

The cost segregation gave me a lot of work but I got no financial benefit from the excess depreciation. 

I would tell you to continue to leverage your W2 job and move upwards in those ranks because it will be the fastest way to have excess funds to further leverage your real estate aspirations.My wife and I self managed 20 rentals while each working a full time corporate job.  

For example I am currently putting my offering together on a 200+ unit deal I have under contract, raising $2.8 million, $100k minimum, investors get 60% of deal, charging a 3% acquisition fee, 1% asset management fee and a 1% disposition fee, simple allocation structure for cash flow and sale proceeds - investors receive a pref of 8% on cash flow (meaning I don't get paid a dollar of cash flow until investors achieve a yield of 8% on capital invested) and a 60/40 split on excess.

A lot of carriers are pulling out of the coastal markets because the hurricane claims have been so excessive over the last few years.

It gets frustrating when guests are sloppy, messy, spill wine, leave excess trash or put grease down the drain...

Even with use of PM, the effort is too great for $75/unit.I also agree that I am not convinced the market indicated is likely to have long term appreciation in excess of inflation.  

Houses that were $300k back then are now sometimes in excess of $650k. 

Which seems excessively redundant to me and it wasn’t that way when I started investing in real estate 4 years ago, this seems new within the last 15 or so months on the properties I own under my own personal name.