I allocated first to equities, and put large lump sums throughout the years.

My suggestion would be to develop workforce housing, purchase a property with an existing Section 8 contract or acquire an underperforming market rate property and work with an affordable housing consultant to reposition the property for a 4% LIHTC allocation.

The $1.2 trillion figure comes from including additional funding normally allocated each year for highways and other infrastructure projects.

Did these companies allocate their new capital in the most effecient manner (like by bolstering reserve funds to weather a black swan)?

While I think real estate is an *excellent* investment, you should probably consider what your desired allocations look like. 

Took two years to refurb it because we didn't have the time to allocate to it.

I suggest you self manage but always have in mind and allocate the money to pay someone else. 

Hello,You should have the security deposit allocated to a specific business account. 

Thanks all for the input - I've never set one up before but I imagine you can create properties and track from that perspective plus the overall rental business (ex. some expenses get allocated amongst multiple properties)?