He previously worked in risk tolerance for insurance companies, so they derive their estimates with a strong conservative approach and then also their current portfolio experience. 

If it is insurance restoration work we will have more tolerance for it than rehab since our margins are much higher.

In my opinion, it comes down to personal risk tolerances.

It just depends on your situation and risk tolerance.

I think I need to take a harder look at my investment goals and risk tolerance before deciding on a strategy moving forward.

Which i guess depends on risk tolerance and other factors 

I actually have these conversations with my wife all the time, and HER risk tolerance is far lower than mine.

Hey Jorge,       The answer to that question depends on a couple factors-  your price range, your tolerance for good/bad neighborhoods, what types of properties your looking for etc... my personal suggestion would be to look at multi family homes arounf Port Richmond, Germantown, Frankford, or Norristown pa, but again its hard to say not knowing what your ultimate goal is. 

And I feel the ideal portfolio can benefit from the diversification of both.Every investor has a different risk tolerance, comes from a different financial situation, and has different financial goals.

Without a lot of hard work on your part, you will fail" I would be a lot more tolerant.