Therefore if I find a property every 2 years that is a homerun, that works because I do not need to scale in non-commercial RE (I am out of F/F loans).My last purchase (11 months ago) was off market at $620K with a $20K finders fee (total not including closing is $640K), Worth ~$850K at time of purchase. 

My guys make 1/2-1.5% of the sale price if I buy (its scaled ) for average= 1/2% Great deal 1.5% of the Purchase price.

I am definitely interested in using an FHA loan on a house hack and this sounds like a great way to scale quickly.

These are all things you need to have in place BEFORE you think about scaling up and taking on investor capital.Now- the other part of your question about the fund model versus assignment process. 

I believe that 15 years from now today's undocumented folks will be spread out across the wealth scale in this country evenly. 

I buy and hold but only mutli-family to get some ecnomies of scale with upkeep and management.

As an aside, I always thought MFH was ManuFactured Housing (mobile's).  

Therefore, these other things would likely be impacted as well:-  Taxes would likely be lower-  Insurance would likely be lower -  If the property were smaller, capex would be lower, as would turnover costs-  If the property were in a worse location, the standard finishes would likely be cheaper-  If the property were in a worse condition, the standard of living/repairs would be lower-  Property management costs would scale downward by a linear amount to the rentAdd up all those savings, and you'd find that you'd likely save $300/month between a house that rents for $1800 and a house that rents for $1200...

To echo what Evan said generally the higher on the discomfort scale you get, the greater your reward.

I chose to start and scale a syndication business, which is a different level of commitment than taking on just one part of active investing.