GPs do a ton of deals, good to see some money going in each deal but the GP should be thinking of diversification like anyone else in achieving and protecting long term wealth.Bottomline, in syndication reputation is everything IMO.  

There are other alternative areas I would consider but start w/value add MF and you could add some self storage and mobile home parks to the mix (see blog links on storage and diversification).https://www.biggerpockets.com/blogs/9145/53820-why...https://www.biggerpockets.com/blogs/9145/59865-div...https://www.biggerpockets.com/blogs/9145/54155-sel...

Depends on the size of the portfolio you intend to build, whether you have lots of capital now or will be buying slowly and steadily (like me), the mix of property types (multi-family vs single family), and your financial goals and exit strategy (pure cash flow versus balanced cash flow and appreciation).Generally, diversification is good.

The Killeen area has a better chance of economic diversification in the near future with the designation of Interstate 14 and a larger workforce and lopsided renter-heavy market.

The hurdle is that we need to raise more capital.Both as a short term goal to raise capital to fund our own builds/Fix & Flips , as-well-as a long term goal for diversification, we are working to develop new investor relationships. 

Here's my top 3 rankings.1) The investor is not accredited and hence does not qualify.2) The second thing is lack of liquidity or timing.3) Diversification - they may be over concentrated in an asset class or geography or both.Ironically, its rarely that they don't like the market, deal or sponsor.   

I wanted to get something outside of Austin to have a little diversification and am continuing to look beyond Austin.

However, I have serious concerns for the lack of diversification.

Employer matches are great, limited options, less so.I would take a step back and consider how you view risk, your relative interest in real estate, and what level of diversification you intend to maintain.

You will make much more money and have more diversification with a loan.