Just one example of a market getting overheated and then right-sizing.Same is going on with syndications, STRs and soon LTRs.BP took off after the Great Recession when investors could buy almost anything and rent it out for positve cashflow.

If you're looking to buy bigger buildings that's another ball game altogether.My advice: what investing do you feel most confident and excited about?

Quote from @David B Graham: Investment Info:Small multi-family (2-4 units) buy & hold investment.

Increase income, decrease DTI, and buy a home (i.e., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).

While I am normally in the do-not-sell camp, in this case it might just sell and buy at the new location.

For someone looking for diversification or steady long-term growth without getting too hands-on, your suggestion of buying and upgrading a rental property in a familiar and appreciating area makes a lot of sense.

Can you share some additional numbers about the investment property you're looking to buy?

A good Realtor that knows investing should be able to connect you with a great PM in the area where you plan to buy.

I am a huge proponent of buying and holding.

Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.