We can access it on our cell phone or computer - so regardless of where I am at, I've got it at my fingertips.Delegation: Everyone wants to do what they want to do in real estate - and that is a spectrum depending on whether you work another job or not.  

I appreciate the collegial nature of the responses; I was a little worried there would be some hard feelings on one end of the spectrum or the other. 

A wide spectrum of people.

Here you will tend to invest more on the cash flow side of the cash flow-appreciation spectrum. 

Banks do not like higher risk lending and do not offer nearly the spectrum of products for an investor that other direct lenders would have access to through their internal products and wholesale partners.

But there's a wide spectrum of investors who have a different financial situation, different financial goals and different risk tolerance.

I agree with your 5-10% I'm on the higher end of the spectrum.

On the extreme end of the spectrum you have places like Flint or Cincinnati that yield 20%+ cash on cash returns.

First, to be clear there is a whole spectrum of active to passive investing options within real estate, just like there are with stocks. 

Some properties may look good, but the neighborhood may be regressing, while on the other side of the spectrum the neighborhood could be progressing better than ever and the house may just need a lipstick renovation.