I think it’s becoming apparent that cash flow is important and still vital to hit the ground running, but diversification for other types of real estate investing benefits would be a near future goal as well.

It is amazing the diversification you can get within this asset class, both geographically and tenant type. 

I'm open to various commercial RE segments for diversification and would evaluate each on merit.  

But if you learn to ignore the daily price fluctuations, REITS provide liquidity and diversification not found in syndications.  

I'm still not sure this is the best diversification strategy.  

Areas with little diversification of industries are seeing challenges, especially related to COVID.I am looking at a few select areas.

This is why diversification is important. 

It is a diversification tool.

It will serve you very well to be as clear as you are on your goals (which I heard as cash flow, diversification and a greater return than you could achieve in stocks).1) For choosing markets, it sounds like you already have a pretty good idea about what markets might cash flow well and allow you to get in at your desired price point per property so you can diversify.

Diversification of my assets is another reason, and while the house prices are a little too high for the country itself, they are attractive enough considering the current exchange rate and my income.