Ultimately, what you said--location-- is the ultimate risk off AND reward ON play.

I'm here in California $35 a trip and I have a couple of big trees. no risk no reward!

Let the GPs do the work and you reap the reward of their hard work and their expertise.Here are some of my thoughts about residential RE investing:- The market is more challenging than in many years. 

Not every property and situation requires it, but yes MOST do, or I should say will be handsomely rewarded for such. 

It's been challenging to say the least, but the rewards have been better than any other investment vehicle I'm aware of.

I do not desire to reward tenants for poor behavior.

We may skip one year if the market is really weak or the tenant is worthy of a reward, but that is rare.Some years and some markets have increased 10% or more in one year, which means you are falling way behind.

NO MONEY in those deals its all Risk and no reward.

As long as you can weather a few of those over the years, the rewards of "tenant friendly" policies for landlords can be incredible.Contrasted to a place like Houston or Austin Texas, where fewer tenant protections are in place, and you get a booming flow of new inventory.

Really rewarding when I can help them meet their goals.The cost of the service is pricey, however it can pay itself off if you are helping folks consistently.Most of the clients that come in are not qualified or don't actually want financing, however there are some folks that are indeed serious.Con's:Incorrect phone numbers and email addressesDelusional keyboard warriors threatening to start being an investor.