Model for those that raise capital/acquire/manage as a company

Hey all, Little background, I personally own around $45M of residential RE, self funded. I maintain and manage it all with my own staff. We also handle some residential RE for some other owners as a management company.

My ability to scale has slowed down. However, my appetite as not. I feel that we have always done an excellent job at operations, and have great local connections.

I understand the syndication model to some degree, but would appreciate some insight on those that have created an actual organization around the model, rather than a single individual.

Example, I'm looking at a $4.5m acquisition. I understand that fees include a point or two acquisition fee($45k-$90k), perhaps an AM fee of some small amount per month. And then an equity split on a future sale.

Using these numbers I feel like I'd need to be acquiring $10-20M+ of RE per year minimum in my local area to make this a viable business, where I could hire staff to help scout deals, do pitches, asset manage, etc etc.

I see so many larger commercial companies that, at least on the outside, appear to have the model above that seem to be wildly successful. What am I missing? Larger management fees? Equity gain ends up being a huge portion I know, so maybe I need to just eat some up front cost and I'll see the benefit if deals go full cycle.

Another of my concerns is, I'm really not a burn and churn owner myself. I don't want to acquire, and sell in a few years once something is running smooth. However the companies I can think of that do what I mention seem to own for a long time.

Anyone out there deep into this world and able to share real numbers? Any resources, conferences, etc that would be helpful here? I'd be happy to pay for education.