I’d rather diversify and have a 50/50 split between the stock market and real estate in case the economy has a recession.

One with 90+ members is great because it affords the HOA a lot of economies of scale with vendors thereby keeping HOA fees lower.Review the HOA financials and make sure they have a substantial reserve that would cover a hail storm deductible and/or other storm damage.Read the Bylaws to make sure they're rentable and check the pet limitations.Check the common grounds for any big ticket items that may need replaced soon.

From my research so far, Dallas has a lot of good real estate indicators (population growth, good economy and businesses, demand, etc.).

Fed will not cut rates if the economy is still "steaming along".

My approach is to look seriously at demographics, how the local economy is doing, the occupancy rate for apartments in the area, true average rents and if this project will support the added value (with a planned community it probably would). 

And of course some techniques in real estate are more appropriate for different cycles in the economy.

Immigrants have significantly contributed well almost everything to American society (they created America), created its culture, economy, and diversity of the nation.

STR's are risky, local regulations change, the economy goes bust, or the area your buying in become less desirable over time and your running into issues.

. :-) Mike did you ever run into that big land/timber scam in Baja ( central mountains of Baja) that jet up to 10k feet or so.. there is old Growth Pine.. and some guys in Mexico talked some investors from Oregon ( timber based economy here) into this deal.. it was presented to us..

With seemingly robust GDP numbers, it might seem like the US economy is firing on all cylinders.