I personally pursue a diverse portfolio. 

@Joey Allison I’m young and naive to risk, so I say buy as much cash flowing real estate you can with safe leverage, value add opportunities in stable markets that are unlikely to be hit hard by a recession (diverse labor market, NOT a coast).

I'm the trustee for my mother's revocable trust and am working to diversity her holdings. 

Phoenix is huge and diverse and expanding - lots of potential here for those who understand the market.Happy to answer any questions you might have!

It's small enough to be able to travel from one side to the other in about 30 minutes, but still big enough to enjoy a level of anonymity that anyone who's ever lived in a small town would appreciate.There is a very diverse employment base here, including WPAFB, medical, biotech, defense manufacturing, and Amazon is opening a facility here soon - just to name a few.

What does diversity have to do with your market value? 

Unemployment is already crazy low at 2.5% https://fred.stlouisfed.org/series/HUNT601URN AND it has a diverse economy with no one industry accounting for more than 30% of jobs, which means it will be resilient if one industry takes a hit. https://www.bls.gov/eag/eag.al_huntsville_msa.htm

They are also geographically diverse and involve entering peoples personal space.

., you are able to have the same diversity that people chase in stock portfolios, while maintaining relatively low risk if you are careful in which investments you make.

I would replace your "Median home price growth" with "Rent price growth year over year," since I buy larger multifamilies.I also look for diversity of industries so we're not exposed to the fluctuations of one industry too significantly.