Also looking forward to sharing some of my experiences form the last few years in this market. 

Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

I would compare the return on your rental to your stock market portfolio.

I personally know all my clients and I personally go to each market that I provide capital in and spot check the jobs throughout the year..

@John Lasherjust curious what specifically you're looking to do - GP or LP? 

And my options are: -One $800k property in CA (25% down), or-Two $400k properties in ID (both at 25% down).If we take the 2015-2020 5-year appreciation (so as not to include the roller coaster and unlikely 5-year market we experienced from 2020-2025) for each state, the CA property would see an average appreciation of 37%.

TN markets are still pretty free market so even if you do get cancelled there will be alternatives.

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

The sales and rental market in SWFL is absolutely terrible.

Hi BiggerPocket community,This.is Michael, currently a partner of Coldwell Banker UAE.Just want to introduce myself to this community and proactively will be sharing more about investments in the real estate market here in Dubai.