"Would you say that looking back, going through the legwork of establishing a Reg D entity was worthwhile for you on that deal in comparison to just establishing a basic LLC structure with multiple members?"

Basically, I'm learning, but Indianapolis seems appealing.

The idea basically comes down to what is the best use of the stored equity in your property.  

Quote from @Paul Passafiume: Yes, they use basically self showings.

Hi, I'm looking at a property that is technically a manufactured home built in 1963, but has been completely remodeled with updated electrical, plumbing, and a entire stick-built house built on to the original single-wide, which basically only retains the original walls.

Basically, if the tax savings compound into additional acquisitions, the advantage multiplies.

All he is going to do is teach you the basics and connect you with some hoohaah lenders, and agents that he knows and take a referral fee. 

The listing is here if you want to check photos/details: Listed on ZillowI thought the reno quality was strong and priced it starting around $120k back in October, but it's been sitting for about 5 months now with basically zero traction.

It's very basic, but allows tenants to pay online.

Rents don’t go down.They rise.This is basic economics.When we had 12,000+ units in the pipeline, rent growth flattened, and even dropped a bit.