My largest concern with holding reserves in high volatility assets would be the stock market having a flash crash or something similar at the same time I need a major repair and I've just undid years of gains in my equities investment.

I'm a bit concerned that vacation rentals may have more volatility and be a bit harder to turn a profit, and am thinking I maybe should start a base of income with multifamily rentals first. 

I feel like the market is really volatile.

It put a huge dent in my bank account and with the volatility of the real estate market and being a novice in the game, I had a lot of doubts.

Personally, I would heavily invest in hard assets, the ones I can "touch" and "feel" and as much as I am a forward thinker I am just somewhat reticent on these cryptos mainly because of its intangibility and volatility. 

(Also, publicly traded REITs are as volatile as the stock market, so they are not a good place to put short-term money, despite what somebody above seemed to suggest)If you go with crowdfunding, you could pick the type of investing you want to do.

It's way too volatile.

The returns seem similar to what you would get with just dumping all your money into an Index fund, but with much less volatility...I'm really considering doing this with the inheritance money.

If that is close to your goal, be sure to factor in benefits that we often forget about. 401(k) contributions, if you choose to invest in the volatile stock market, and also healthcare is a huge one.

Their algorithm tries to determine where your house price could be.In your case, Zillow has given you a very large price range relative to your house price which to me is also an indication that there is a lot of uncertaintly/volatility in your area.