Every time you stacked these investments and that snowballed, the risk would lessen.Apparently the only mitigation of risk in this strategy is "diversification".  

I like the idea of diversification of my investments and I love the strategy BAM has articulated: the focus on properties with below market rents in growing areas with jobs and good schools. 

On the flip side, a duplex or quad in SF would be a strong move for appreciation and diversification.

Real estate's diversification and wealth-building potential make it a solid addition to a balanced portfolio.This post does not create a CPA-Client relationship.

Time in the market> Timing the market is not necessarily correct, neither is diversification.

The property cash flows and I could definitely see each investor making at least $1000/mo with the most hands-off approach of renting to an operator and much more if a person ran it as STR or LTR and it is a great diversification play for me as Costa Rica should see much better appreciation than the Midwest, but if I were to cash out I could see five times the cash flow because of the power of leverage.But I think you hit the nail on the head in saying that it is a lifestyle type of investment.  

Is it the diversification?

Knowing this information will help you identify the right professionals to bring on board.At minimum, your team team should include:Financial Advisor: to help with investment strategies - portfolio diversification and risk management.Real Estate Agent/Broker: to help with property acquisition and market analysis.Accountant or Tax Advisor: to help manage financial records, tax planning, and optimization.Attorney: to provide legal counsel for contracts, agreements, and investment structures.Mentor or Coach: to offer guidance, insights, and industry knowledge.Networking and Relationship Builder (for everything else you will need): to connect you with potential partners and collaborators.

I have never invested in syndication.I understand diversification in different asset class (precious metals, real estate stocks etc).

Look at median household incomes, look at market economy base and diversification, look at what's being done to protect and grow economic performance, just run the #'s and the message should be crystal clear.