The stress of trying to acquire right now may end up causing you to make even bigger mistakes down stream as your focus was getting to the closing table and not worrying about beyond that moment.

However, I like having two streams of income at all times. 

Its just not a main stream product that many people are going to be able to use that's my point.  

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

If you are looking to develop a large passive income stream, then cash flow may be more important.

The more experienced general partners see this as passive income stream.

Buy a beachfront property in Fort Lauderdale, Stream side lot in Vail, hillside lot in LaJolla, etc  for $40,000.  

The only result to our team has been a slow yet steady stream of LP investments rather than a flood of initial requests. 

As you increase the value you sell and move up to more or larger properties until you have the income streams you desire.

You have to run your STRs like a business, not a passive income stream.