I see a lot of commercial RE struggling, lots of people are highly leveraged, interest rates are higher, and labor is through the roof.  

Automating rent collection is another smart move, it reduces headaches and ensures timely payments.For future growth, having access to financing options will be crucial.

Buy a SF rental, add some value (minor rehab), and refinance as the FED reduces rates in 2025-2026.

So just figuring materials costs, and your labor may not work in your market for a flip. 

Labor shortages and increasing material costs are increasing construction costs for fix-and-flip investors.

Without positive reviews, you often have to reduce rent to obtain tenants.  

These provide stability and regular income, which can be crucial in retirement.Cash: 5-10%Keep some liquid assets for emergencies and short-term needs.Consider these additional points:Diversification: Spread your investments across different sectors and geographic regions to reduce risk.Tax efficiency: Consider the tax implications of your investment strategy, especially with your high net worth.Regular rebalancing: Adjust your portfolio periodically to maintain your desired asset allocation.Professional advice: Given your high net worth, it's advisable to consult with a financial advisor who can provide personalized recommendations based on your specific situation and goals.Risk management: Consider your risk tolerance and adjust the allocation accordingly.

.- Your experience with your properties which do or don't have acreage / views / streams / ponds- Your experience with access to good labor (cleaning & handyfolks)- Your experience with the renters.

In 2024, Topgolf plans to reduce its venue pipeline to between four and six locations to free up cash for the spinoff.

It reduces the quality of the property for long-term tenants, introduces risk, and could potentially make the leasing desk look bad in front of their bosses.