In addition to above, the lack of core investment opportunities, and inadequate inventory for proper diversification are critical issues that the industry needs to solve.At the same time, I don't think all of them are going to end up in a ball of flames.

Do you value diversification?

I would go with diversification. all these area mention in the thread have pros and cons. if you are buying is high price California than it is more stable. you are paying less real estate taxes as compared to Ohio etc but cashflow is not there.

Diversification and a growing population are a key to investing.  

There's not a lot of Alberta specific MF meetups because:Market size is smallMost investors think of condos/houses as opposed to multifamily (hence, less interested investors)Debt-financing is hard to come (relative to the US)Institutions are not as investor/landlord friendly (relative to the US)Lots of Canadians invest south of the border for all of the above reasons plus better returns/liquidity/currency diversification. 

You need to locate those properties in a populated city with diversification and a growing population.

That's not a great return, but I do like some diversification from real estate and a 401k is a great way to accomplish that.

I believe in diversification, so I would rather have multiple sources to pull from rather than hoping the one source I was counting on doesn't becomes harder (or not as beneficial) to liquidate at the time it is needed.  

You bring up a good point about "diversification".

There are major perks to it over stocks, so having diversification in both is fantastic.Reach out anytime if I can be of any help!