And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.

@Chris Martin Happy to connect you with my contact at Velur to learn more but they identify parcels adjacent to existing solar development (or residential, warehousing... different zoning options for diversification) and do the analysis on value, easements, zoning viability for development etc...they take their cut up front in the sale then when you get an offer for purchase down the road they help review the offer as well.

The biggest advantage to MF is the diversification of risk if one tenant moves out.

@Chandra Faulk,  What you're refering to is what we call a diversification exchange. 

Diversification is the only protection for Black Swan, large scale negative events. but can this happen again, Absolutely.

For example in the Reno, NV area there has been a big push for diversification beyond hospitality and now Tesla is building battery packs and the new Semi Truck.

It offers immediate cash flow and diversification across different real estate classes and markets, freeing you from the headaches of active management.

What you are referring to is what we call a diversification exchange, where you sell a single property to purchase multiple smaller properties.

And I feel the ideal portfolio can benefit from the diversification of both.First though, I'll add that you're comparing doing private lending (debt deals) directly versus passive syndication (which is typically equity).

The only benefits I see are the tax deferral and diversification.