There is no way I could compete with them even if I was a full time real estate investor and I certainly couldn't replicate the diversification I get by being a passive investor in multiple asset classes and markets.I am certain, and this Forum confirms it, that many people can be successful as active real estate investors - but being active isn't required to earn quality returns and achieve financial freedom as a real estate investor.My advice - figure out your strengths and capitalize on them!

Crowdfunding offers real estate investment without direct property management, aiding portfolio diversification.

SFR: better appreciation, less turnover (in raw numbers and average length of stay), better tenants, no tenant on tenant conflicts, better rate financing, longer term financing, more buyers if you want to sell, or need to sell, you can sell 20,40,60,80% or 100% of your investment not all or none, you have almost infinite cash out options, better and more insurance options, you can leave your investment to multiple heirs that will actually want a house instead of splitting an apartment building, when you sell you’re probably selling to an owner occupant who loves the house/location not an investor looking only for the best deal they can find, more diversification, not responsible for landscaping/utilities/maintenance of “public areas”, surrounded by other houses not other apartment buildings or businesses, one problem tenant doesn’t affect the others, you could 1031 a portion of your investment, you could move in to one and get a tax break when you sell, I’m sure there’s 10-20 more good reasons. 

Consider factors like job stability, economic diversification, and potential impacts of external factors on the local economy.Local Regulations: Be aware of local regulations, taxes, and any specific rules that might impact your real estate investment.

Portfolio diversification is key in any State.

The expenses may be slightly higher because of economies of scale yet the opportunity to diversify locations (as well as diversification of investments) is well worth it, in my opinion. 

What your talking about is a diversification exchange where you sell one and buy several. 

;-)We're kind of in the same situation in that I already own multiple properties in Playa del Carmen and am now working on a development in Puerto Vallarta but for diversification purposes, not because I think it's better.

In terms of cash value life insurance generally, there could be a variety of other ways it can fit your overall strategy (protection, diversification, estate planning, etc) outside of real estate.

When done correctly, both the seller and the buyer walk away happy.In conclusion, New Orleans is an excellent location for real estate investment due to its stable housing market, diversification of investment opportunities, low cost of living, tax benefits, tourism industry, and unique historical architecture.