Someone else could only see risk and point out 10 things they love about stocks where I see a lot of volatility and risk.

Short term is a lot more work, overhead expense, and volatility.

Not only that, but commercial real estate, such as multifamily syndications, are even less affected by broader market sentiment than single family homes, further protecting investors from market volatility.

Prices are much more volatile than in DC. 

In DC condo prices are more volatile than single families.

If we watch the pros, when things are volatile in real estate, they invest in stocks, or another vehicle, and on and on.

Some areas have high C on C returns but might have low rental collections vs. other areas where the C on C or Cap rates are lower but more consistent and less volatile income streams. 

There are other players and it is an extremely active market, so research a lot and stay up to date on users' forum to get the latest information.For maximum overfunded permanent life insurance, I personally prefer Index Universal Life insurance as, on the long run, they will provide higher return than Whole Life insurance, but may, in the short term, have more volatility.

This is the risk with a volatile asset class. 

I think most developers are asking the same question you are, and with all the volatility around building materials, I would be conservative and wait.