The Phoenix market, for instance, has been seeing shifts that reward creativity and timing.

Currently, I have been living in the Lisbon area (Cascais) for about 2.5 years.After some investigation into the Portuguese Real Estate market we (my wife and I) decided that with Portugal’s rapidly growing tourist influx that the risk/reward calculus pointed to STR.

You will gain the rewards down the road.3) You 'should' claim rental uncome from any source.

The biggest thing I have encountered in numerous inspections is chipped or flaking paint in pre-1978 homes that have children living in them.

However, if you analyze what we have vs. what other states have there are numerous reasons why we are a great state to invest in.I hope all of that makes sense but feel free to ask anything additional. 

They say it’s too much stress, too many surprises, and not enough reward.

It seems these inevitably run into problems as the investment projections are not met, loses begin to pile up, SEC compliance issues are ignored, and numerous legal actions are instituted against the sponsor.   

(ahem, pointing at one @jay something-or-other in particular); the more valuable commentary, however, is the candid feedback about the risks taken with Morris Invest and whether the risk has reaped the reward -- or not. 

It is very complicated; like a snowflake, each transaction is different.How do you decide risk vs. reward here?

But you do something that fits your risk profile and lets you reap the reward.