I started and operate one of the largest property management companies in Portland and Vancouver.

I read this article the other day and thought the different perspectives were interesting: Ray Dalio warns 'cash is trash' as Warren Buffett sits on $128 billion.As the title of the article suggests, you basically have Ray Dalio (billionaire founder of the world's largest hedge fund) arguing that "cash is trash" and warning investors against sitting on large amounts of cash, the value of which could get eroded away over time. 

@Adam Bastien It's important to draw the distinction between a Tax Delinquent List and a Tax Sale List.Delinquent Tax List - This is an all inclusive list of properties who are past due by on their taxes. 

Actually I knew the distinction about custodian -- typing that was a mistake.

I think that when house hacking the intent is to get the largest amount of rent possible to increase your income.

What you call "when no service is being provided by the broker" could more accurately be described as "the largest liability the broker has where their e&o wont cover claims because principals to transactions are generally excluded from coverage". 

There is a budding tech industry here now and we have the largest public university in the country (based on enrollment).

@Clinton Felix-Millionaire real estate investor -never split the difference -how to win friends and influence people-5 distinction of a team-the book on rental property investing -the book on tax strategies for the savvy real estate investor-The Goal Not all of these are about real estate but they are books I would highly recommend if you ever plan on running any type of business or managing anyone.

@Shri Kanase There a few resources to use when making your decision, but the ideal things you might want look into are:Tertiary markets with populations over 70,000, you don't want to be the largest owner of properties and this will make sure there are enough people to flip homes to. 

@Charles LeMaire, I'd assumed LPs were always non RE pros and vice versa for GPs but not for any good reason, thanks for pointing the distinction out.