Better than strapping ourself with a large capital outlay, diminishing reserves and dry powder.  

There is so much info, and it has propelled me to have the confidence I needed to take the first few steps into a passion I have always had into real estate investing.To simply put it, I feel like a dry sponge, and bigger pockets is a puddle of water on the counter, and Im soak in up all the knowledge. 

Buy struggling golf courses in dry environments (much of the southwest), shut it down due to financially not viable due to rising costs of water and declining golf interest, start syndication, develop the golf course with combination of retail and commercial.  

These types of investments are primarily a place to park excess cash.A down turn in th eeconomy will not only impact value it could also dry up your client base.

I previously lived in a very expensive area and kept my powder dry for 2 years until I had the opportunity to move.

if it was just dry stored it may not be any good.

When the market turns, all of that plentiful rental demand may dry up.

But as far as areas go, I believe best "resale" would be in areas called "high and dry" meaning they are a  few feet above sea level.

you would be surprised you can live off of $10 of dried beans. 

But you factor that into your rental ratesOn the question about SFR, I have them in Orlando but not here on the beach, yet The reason I don't have them on the beach is because when I do Vacation rentals I have 2 criterias, 1 being can you pay mortgage, insurance and taxes with the season rentals2 being if the vacation rental market dried up or the law change could you rent long term.What I have found is on the beach especially where we are , Manasota Key the wages here support rents of about $1000 to $1200 a month Rents like that usually will not cover a long term rental mortgages on a SFRbut by going with multi family units all 3 of my building units can be rented for $1000 a month long term and I would be able to cover my Mortgage, insurance and taxes each month.In Orlando I have units that are getting $2400 a month because the higher paying jobs are there.Now I figure when I get a few more multi family units on the beach they will be able to carry SFR to be used as vacation rentals