This may seem like a bad idea, however the 401k I was in had a VERY limited basket of funds in which I was able to choose from.

We put all our eggs in one basket and the handles fell off and SPLAT!!!

I tend to go for the "low hanging fruit" The easiest to reach, and most likely to respond people.

I highly recommend this read: How to Buy a Small Multi-Family Property: A Step-by-Step Case StudyGood luck and I hope BP proves to be fruitful for you!

So, the basket analysis is not really relevant.

It's going to be different for each person depending on what they feel comfortable with.I personally prefer apples over oranges, because I have never been a fan of citrus fruits :)

There is no low-hanging fruit, if you want to buy below market and cash flow a California rental you have to be prepared to turn over every rock looking for worms.

Based on his families experience he thought real estate was a bankrupter while for my family real estate has been another " basket", a real addition to their retirement savings.

I see that as another basket to put my eggs in.

I feel 1 month security $ 3200 would cover it as they are the perfect tenants to date.2) some sort of 1 time gift card/wine basket/local store gift3) Offer no rent increase if they lock in and renew for 2 yearsAlways thinking of a Win-Win situation so leaning towards Option #1 as this costs me no money but gives them up to $ 800 that they didn't have.What do you all use as an incentive to keep good tenants ?