Mike, as you suggest, geographic diversification is important and if you're interested in talking about other markets that may be appealing, hit me up offline.

Started flip sfr moved to buy/hold sfr with tax liens and repair biz, diversification but all re oriented!  

Diversification, ability to cash flow when the financial market underperforms and  the enjoyment of running a small business.

I have been vetting a lot of syndication and JV opportunities and one of the benefits of numerous syndications vs one or a handful of JVs is diversification. 

On the pros, by investing chunks of 10/15k, crowdfunded deals seem to offer diversification that is not easy to achieve by directly working in syndicated deals where you have to put 50k/100k/150k min.On the other hand, the quality of the sponsors might be much lower, and without developing a real relationship one might end up with several lemons.Thanks

It looks like you have some awesome ambitions, and as you get further and further into your REI career, you'll see how many amazing possibilities there are (even owning your own island, talk about diversification ;) A long-term view is crucial for an effective tax and wealth-building strategy, but it sounds like you guys are already on the right path.Continued success and best of luck in the next stage or your REI adventure!

I've learned a few things as I explore diversification options in real estate.

Diversification and control of my assets.

When you want to dramatically increase the number of your holdings as a way to jump start operating cash - 1031(diversification exchange)7.

Andrew Johnson the tax point is another good one in favor of leverage...based on everyone's feedback I think I'm going to start exploring leverage to help me get into deals that I otherwise wouldn't be able to do without wiping out my cash, plus leverage is good for taxes and diversification while rates are still low...I'll continue to pick up the small "too good to be true" cash deals cash flow $600-$1,000+ after expenses when I can too.