Keep in mind also that the Tucson market has not fully recovered from the recession.

Fannie and Freddie took only minuscule losses during the recession on their multifamily products and their current offerings continue to have excellent terms.  

I started this when I was 22 in the bottom of the recession and have learned just about everything by trial and error.

(The vacancy numbers are weighted by county specific vacancy counts, not a numeric average of county vacancy rates.)I put a link to the source of the data at the end.2019 Proj Total Population (& annual growth)1,255,325+0.86%2014 Proj Total Population1,203,7352010 Census Total Population1,162,386July 2015 Certified Population Estimate (NC only)1,190,4732010 Census Total Population: Urban627,87254%2010 Census Total Population: Rural534,51446%As for housing, the 2010 vacancy numbers reflect the impact of the Great Recession.

Compare that to spending $250k on a neighborhood that is halfway through the transition and then a recession hits, foreclosures start happening, and home values drop back to rental levels.  

Virtually recession proof8.

For instance, a plumber, carpenter, etc.When you get higher up on the ladder of your business, you then start to do things like manage your subordinates.Above Managers, you must then give reports on the progress of your department, milestone achievements, projections of revenues and income, etc.Above Managers, the CEO level, your vision decides the overall direction of your business.I believe every Investor needs to think of their investments a business and you are the CEO driving that business forward with your vision of the future.You should NOT be a specialist, you should be a Generalist that can gather information such as what is the future migration of people in your area, what is the city planning doing in terms of re-zoning, are there any large scale developments that can affect your business (ie... if you are a mom and pop retail store, Walmart will put you out of business), is there a recession on the horizon?

Lets say there is a recession in a few years your tenants could lose a job and you may have to kick them out.  

This two can easily be negatively affected by an economic recession or downturn or real estate market free fall that makes mortgage repayment difficult because of reduction in cashflow and property value. 

Tons of advantages for these foreign companies, including local government's incentives.Brazil's recession plus Paraguayan Government's aim to turn the country into South America's China seems to be opening a niche for industrial development.