I believe it comes down to your capacity, your risk tolerance, and your comfort level.  

. , is there are always opportunities - what changes is an investors risk tolerance.

@Zach Winner,It really depends on you and your level of risk tolerance, but I will tell you what I like to do.I would establish your level of risk tolerance based off the cost to set up and maintain an LLC, which happen to be particularly expensive in CA.

It's hard to answer this question without knowing what sort of budget, risk tolerance, etc. you're working with.

My advice would be this: after educating yourself of course, you’re going to need to have a decent amount of risk tolerance and the ability to trust the system and go.

That means that the price is the most important feature, and the customer is tolerant of many aesthetic issues in the name of getting something they can afford.

Meaning I had to find something else to do with my afternoons, because he had no tolerance for kids.I actuly learned some of the fundamentals from all three.

I have rentals I own and manage all over Indianapolis, and I find deals everywhereYou need to figure out your goals and your risk tolerance...

A self-directed IRA gives you the opportunity to invest IRA funds in real estate if you can tolerate all the IRS rules and restrictions that go along with it. 

So to answer your question with a question: What is your risk tolerance?