@Don Scott passive investing is a great way to achieve diversification in an investment portfolio and achieve exposure to real estate without having to do all of the work.That said, it doesn't mean that there is no work involved.

And diversification and risk management. 

That being said, diversification is always beneficial and splitting between multiple asset classes, locations or passive/active investment strategies will pay off in the long run.Congrats again, keep us posted on how that deal in Charlotte turns out!

Members of the chamber were insistent that diversification of industry was the solution, so they catered to a variety of revenue sources.

I don't follow things as closely as I used to but it seems like the corps have learned they need to add some diversification into their supply chains.

Thought RE investing is not the only option for passive income, a combination of other sources of passive income will help to reach that goal, plus diversification has some advantages. 

Here are some considerations:Advantages of purchasing a primary residence include stability, tax benefits, and potential for appreciation.The drawbacks are High prices in California, opportunity cost, market uncertainty,Pros of investing in real estate include diversification, cash flow potential, and potential appreciation.Cons include management responsibilities, market risks, lack of stability, and so forth.Determine your long-term financial goals.

As for your long-term goals, think about whether you value passive income and property diversification, in which case holding onto the property could be beneficial.

Each of them are evolving differently yearly and the diversification will insure I can take money the most efficient way when needed. 

This diversification can help to stabilize the economy during economic downturns.Job Growth: The Emerald Coast has experienced significant job growth in recent years, with many new businesses and industries moving to the area.