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.

your W2 income is going to subsidize your portfolio for the first few years.That’s all great advice and I always welcome a good reality check.

I'm not sure why that's being perpetuated as reality. 

Reality is someone isn't going to do coaching for 10,000 if highly successful.

Readers are advised to seek professional advice.Thanks for the reality check.