Having been in many aspects of real estate throughout my career my favorites are ground up construction and note investing. right now note investing takes the cake as it can be done in any environment whereas ground up right now is very challenging. 

Piece of cake.

The fact that those same high interest rates are also keeping sellers from listing due to having to buy back into the same market (thus lowering supply) is a bit of a hiccup for the Fed and a case of not being able to have your cake and eat it too.  

MTR and these nurse rentals in Houston went like hot cakes Q4 2020-Q2 2022.

Houses are still selling as hot cakes with 30 days on market if priced properly and inventory that has been the same for the last 8 months (new in, old out), so be ready to be very clear on where to focus your search. 

Even with minimal cashflow this is roughly a 5% ROI from the loan pay down and any appreciation is icing on the cake.

And hey, don't forget the icing on the cake—provide valuable content alongside your investment offerings.

I've successfully completed my 1031 with Rent to Retirement, and I must say that from the initial sale, to property identification, to closing on the new rentals it was pretty much a cake walk. 

So I would tell you that 2-5 rentals is a piece of cake to manage - even if working full time (we kept 2 corporate jobs until we were up to 20 rental units.)The other thing I would tell you is that there are MAJOR control differences between being a limited partner in a syndication - where you are more akin to a passenger on the bus which is your investment, versus full control of everything when managing your own rentals.  

You ate the cake. 6.