I don't look at states per se, I look at markets.  

So far the two markets where I own (SE FL and Philadelphia) are still going gangbusters. 

But I can see those with limited experience not going into real estate more than their personal resi and maybe some managed funds etc.Most of those on BP have chosen this as a profession.. and stacking up rentals is a small business its not an investment per se in the context I think they are talking about.. your managing your assets and some do ok many don't.. 

If they do not want to put that much money into one property then maybe they invest in a sponsor type deal on a larger property for 25k to 100k cash in per deal.they maybe accredited but by and large it appears not real estate savvy per se ! 

I will be sure to check them out.Do you have any REIA's to recommend in the SE (MI) region @Joe Delia?

I actually live in SE Portland and it would be great if we could meet over coffee sometime! 

Great to connect with another local investor, I'm based in Milwaukee and invest in SE WI.

Real Estate has nothing to do with it per se.

If you have 20, 40, 60+ units I can se you'd have no choice but to have a PM in place.

I have been reading the Rich Dad Investing book, and although I agree with most of what he says, I've found that I'm 200 pages in and I haven't really learned anything new about investing, per se.