I love to invest in real estate, but am not very risk diverse.

If one looks at underpinnings, "as a whole" the US market should keep modestly expanding over the next several decades - we have a healthy birth rate, good influx of immigration, diversity of household, and plenty of land to build and rehabilitate.

Personally, I think larger markets growing populations have more diverse economies and less risk.

i.e. metro area, unemployment, job diversity, housing stats, flood plain, is the immediate location in decline/stagnant/on the rise, etc.Next, since you have all POHs here, you need to get some comps on what the market lot rent is.  

Pilsen is good neighborhood that has been gentrifying the past 10 years, really hipsterish and diverse with a lot of new restaurants.

I think a diversity of viewpoints is a positive thing.  

Being an out-of-state investor Turnkey is an excellent pathway to building a diverse alternative investment class, within your retirement portfolio.  

Multifamily properties are highly desired among conduit lenders who need a diverse mix of property types for their loan pools, but CMBS loans currently account for only approximately 7% of outstanding multifamily debt according to the MBA.

Any place in Texas will do good as long as it is diverse and has a growing population.  

However, I'm looking a bit ahead when I will have access to rollover IRA assets that might be employed in a passive income scenario while also providing overall diversity to my entire retirement program.