But it will not be the same way I was winning when rates were 3% (or maybe it is - but reality is there will be some changes to the business as 3% rates is like a professional team playing against a pee-wee team). 

The reality is that the residents are usually there and willing to share all kinds of things. 

The reality is this is a challenging RE market. 

This highlights that the sector is ongoing adjustments to post-COVID realities and shifting economic policies.  

Robert Kiyosaki has talked about renting a primary instead of owning because the primary can be considered a liability (it typically doesn't generate cash flow).The challenge here is that in reality you can't ignore the lifestyle issues - money is a means to an end, not an end in itself.

But in all reality, purchasing long distance and deciding if you should or shouldn't see the property, is a personal decision with what you're comfortable with.

I've seen firms like marcus and millichap pitch 6CAP but in reality its only 3CAP, It's funny their proforma is pitching market rents, but their client is selling with rents that are tied up by county regulations at 50% of market rents, and it will take decades to get to the market rents.

Just my .02 My wife's family is down here so that wont be a reality for me!

Anything Newsom related seems like a badly produced reality show in CA...... 

.- So in reality, the residential equity ownership is always better because you owned the asset directly and your counterparty is goverment, this is not the same with CRE.- Also because of the structure of LP/GP ownership, this is always true: the return/risk is always favour the GP side, even if investment is collapsed they still make money from the split,acquisition fee, waterfall etc,etc.