You will need the mindset to handle volatility.

I doubt rates would get meaningfully lower in the near future longer-term (2-3 years) maybe.In the meantime I'm investing in private credit to be below the waves of the property price volatility. 

It's 30 minutes south of Cleveland, has a population of 200k, has 3 major hospitals, is a hotel desert and has a ton of opportunity to get higher caps without being in volatile markets.

If you're a finance person, think of all the different risk elements (i.e. liquidity, inflation, volatility, etc.) that affect this particular return.

I feel that the market may be volatile or mutual funds have restrictive conditions when you can liquidate your holding.

Stocks go up and down (volatility).

Annuities and life insurance can be a hedge against market volatility, but they should be part of your plan, not all of it. 

@Logan Hicks Lot's of spread there but I'm not seeing much in the way of passive income return with all the currency volatility a and confusion in the Russian and Chinese economy.

However, all of that is on pause right now due to market volatility caused by the virus.  

Stocks offer the benefit of extreme liquidity, and your analog is a decent one, but 1) stocks are more volatile, 2) stocks can not be leverage like real estate, and 3) stocks are more difficult to scale as an investment.If I were a guru that could out perform the index I could start a hedge fund, out perform the index by a few percent and scale by having investors in the fund and getting a cut, but I'm just not that smart.