If you know your strengths, weaknesses, preferences and risk profiles, etc, you can observe the market, learn and find a niche - or several - that you can master. 

That may sound harsh, but the weak get eaten in this business. 

We've personally remodeled 6 of them, so we know their weaknesses. 

When you plan to operate remote, choosing a management intense scenario amplifies your biggest weakness - not beeing local.

I apologize for my grammar in the earlier post, chasing around a 10 month old that’s about to start walking isn’t for the weak!

I know turnkeys are decent on the cash flow side, but pretty weak on getting any sort of equity.

Surround yourself with people who are strong in areas where you are weak.

My weakness is reading and retention of that knowledge.

While those numbers may seem weak to many who are able/willing to do the rehab/value-add and/or tenant dealings themselves, I do none of that.

Example if someone tells me they have 200k to invest and are accredited looking for commercial retail properties to own directly I would say in that range of 800k to 700k purchase price the asset quality will not be good and location likely weak suburban to rural.Conversely if they take that 200k and invest with a sponsor they might own a smaller slice of a 3, 5 million property etc. that they could not afford to buy on their own in an area of high quality.