Over the long haul - the world will begin to catch on the long con which is the Federal Reserves "QE Infinity" policy - which fundamentally de-values the dollar against fixed supply stores of value such as gold, and is basically an impossible situation for the Fed to get out of (especially since the Fed has proven they are no longer an "independent" institution). 

I do know the fundamentals of real estate investing and I know that a strong economic environment can mask rookie mistakes well, but make those mistakes in a challenging environment has the possibility of destroying your ambition.  

At the same time, the current supply and demand fundamentals create an environment for some great investment opportunities. 

To make money, yes, but if you look at it truly fundamentally it's really to improve our lives.

,The real estate market fundamentals for Central Florida are strong for many asset classes.

Much more solid economic fundamentals than Vegas.

Until fundamental value drivers (i.e. weather, diverse economy, foreign investment interest) change, CA investments will likely remain sound over time.  

Even though your goal is to become a passive investor, knowing the fundamentals will help with vetting a syndication sponsor.

When you look back you will be grateful you spent the time early on focusing on the fundamentals.

Every market is different, and one has to understand a specific market and the economic fundamentals there to makes decisions and/or give advice.