Their pee has a stronger odor because it is more concentrated than dog pee. 

One should think of them as gobbledegook, and concentrate on other matters that would fall under the rubric of "due diligence on the operator" and "due diligence on the property" and "due diligence on the submarket and location." 

Concentrating all of your risk in one small KY town is one issue that seems to be of concern. 

What part of Seattle are you concentrating on for your first purchase?

REITs - - more diversified among assets held, your ownership is in the company not the real estate itself, great liquidity, low investment minimums, dividends are taxed as ordinary incomePrivate Placements -- concentrated investment, ownership of the real estate itself, illiquid, high minimum investment, taxed as a pass through entity so you get depreciation write off benefits (usually accelerated through cost segregation)REITS are stabilized assets too, so their returns are lower.  

I have a BA in Theology with a concentration in Church History.

The purpose is not really to have all this information, but to keep you concentrated on the property and not talking to their agent.

Concentrate on sellers...Good Investing...

Sadly, this can't be said for investors who concentrated their entire 50-property portfolio within Manhattan.

At present, I’m mainly concentrating on properties around major hospital systems, concentrating on rehabing properties for residence doctors.