Of course its all relative, the person who lives in Poughkeepsie and commutes to NYC everyday on the MetroNorth would probably not say that Putnam and Orange counties are Upstate. 

Sir - i'm in Orange County, NY. 

@Rob K.It is great that you have such a well performing asset building tax-free wealth in your Roth IRA.I think you may be mixing apples and oranges in your analysis of investing with tax-deferred funds. 

Well, we don’t own a G-5 like @Jay Hinrichs 🤣, and our process is much more local, but not much different in terms of borrower and property qualification.We only lend in Los Angeles and North Orange County.

Hey everyone!  Thanks for letting me be part of your community.  I am looking forward to being here and learning more.  I am a licensed agent in NY and working on getting licensed in PA.
I'm interested in purchasing ...

Either you find a partner who will supply money and do all the leg work or save money up.

If one want's a safer place to play in that arena I'd suggest to follow the Oracle of Omaha and look into the transportation leg of O&G, more volume = more transport = more revenue = more profits.  100% correct, but wasn't expecting someone on an REI forum to come at energy like this.

Very well explained and a prime example.The buyer is the general loser here when you weigh everyone out.Time will tell and the industry will have to adjust and come up with new customary ways of doing business as this ruling begins to grow its own legs into the public that have little knowledge of the inner workings of real estate.

However, you do want to make sure the deal has legs to stand on to actually hit the pref.

I think that if you do the leg work and property acquisition, then 60/40 would be fair.