- Asset Diversification?

I think owning one unit is ok for diversification as it has all the tax benefits and short term rental benefits allowing you to stay for free any time you want along with other perks.

We both like the idea of diversification and not renting in California, for sure.

Diversification can also be a key to a robust investment strategy, so considering a mix of both rural and urban properties could be beneficial.

Developers and construction companies have adapted their strategies (Build for Rent), embracing innovation (light gauge steel construction) and diversification (new product types) to meet changing consumer needs and market demands.

I also like the diversification of leveraging properties and not having my life savings in one property alone. 

Milwaukee for a Cali investor is more comfort level(OOS investing) and some form of diversification & speculation.

.: @Travis Biziorekyes, i think it's a diversification strategy. 

Don't forget about your long-term goals when making investment decisions, taking into account things like diversification, cash flow goals, tax considerations, and potential growth of your portfolio.

That gives you diversification, more freedom, and you are still invested without all the effort.Self-storage is hot right now, but it may be worth looking for a facility in your area that you can improve and self-manage.