For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

In today's competitive real estate market, having modern amenities can set your property apart, making it more attractive to a wider audience.

Leverage - someone mentioned Real Estate doesn't beat stock market returns and while that might be true in absolute terms, it's definitely beat the market when you consider leverage.

Natural appreciation usually takes holding the property for at least a few years (just depending on what the RE market does going forward).  

Have you started thinking about your strategy or exploring potential markets?

It might take a large financial institution with capital for “brainpower” and marketing, and financial and reputation strength to design as well as create a trading market for this type of security. 

I try to evaluate a unique property 2-3 different ways, then make a highly educated guess based on my knowledge of the market.

I was trying to work with them to buy more property in different markets and get it under a Master Lease with them but they have been really picky.

Particularly I am looking at some 6-plex and 8-plex units in my target market.

New builds-broke even in the '08 market on two spec homes, built my own home from the ground up twelve years ago(400k in equity).