Maybe it's because I had a relatively tolerable day at work today, but I don't have any specific plans to quit the W2 just yet. 

Some of them have a lot more capital than I do and higher risk tolerances.

Both methods require finding a property that makes sense for your risk tolerance, purchase ability, etc.

Consider liquidity needs, inflation, and your risk tolerance in deciding the mix.

There's not one right answer for everyone since we all have different financial situations, different ages, timelines, family situations, risk tolerances etc..  

The key here is finding the right balance between capital, time commitment, and risk tolerance.

As an accredited investor you have access to hundreds of new potential syndications every month (and crowdfunding deals which are the same thing except are allowed to market on the Internet).You may want to start off on a site like CrowdStreet or FinResi , where you can view the variety ( different types of asset classes, strategies, stances) and start to come up with your own method for looking at deals (which matches your unique, personal  risk tolerance, financial situation and financial goals).Thanks Ian.

Quote from @John Salcedo: I started with a few turnkeys and as my experience and risk tolerance grew, I now do out of state BRRRR projects.   

We all have different financial situations, lifestyles, risk tolerances and goals so what would be a good investment for one person might not work for someone else. 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.