My portfolio is heavily weighted towards real estate, largely because of California appreciation.

Brady,When I do my screening for new tenants I would weight the rental history the most.  

He took a 401(k) loan to fund the down payment on a four-unit building in a rapidly appreciating neighborhood.

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end. 

This makes the pay down a little more rapid.        

I'm weighted towards RE but I have been buying in the public markets recently (stocks, index funds, bonds, REITs, Master Limited Partnerships, Business Development Companies).

Here’s how:Efficiencies Through Scale: By owning and managing a portfolio of properties, we can control operating costs and avoid the rapid rent hikes caused by liquidation or speculative investors.Economic Stability: Affordable housing becomes viable when tenants have steady incomes.

Currently, I have been living in the Lisbon area (Cascais) for about 2.5 years.After some investigation into the Portuguese Real Estate market we (my wife and I) decided that with Portugal’s rapidly growing tourist influx that the risk/reward calculus pointed to STR.