One approach would be to decide on an asset class and market e.g. multifamily in central Florida, and then secondly decide on how to invest whether directly, via a syndicate, REIT etc.I have invested in a number of syndicated multifamily deals as a LP and GP so if you want any specific insights please feel free to DM me.

Working-class neighborhood. 

They'll also want to know about the location and what is the class of neighborhood.

But perhaps also among geographic markets, operators, and perhaps classes of property.Funds have three primary disadvantages over single-asset syndications, however.  

What asset class and price point are you targeting?

After my grandmother sold her house, she rented for 5 years when she was in her mid-late 80s until she moved to a place where she didn't have to cook. 

Commercial lenders in our area don't care the asset class - and even like it when we occupy the property as an office (or home).

The big wigs all agreed they have heard of introducing yourself as the manager, but everybody in class introduces themselves as the owner.

@Cody Merkes - somehow there is a perception that you have to gratuate into bigger asset classes. 

@Chan K.Wherever you decide to buy, make sure the property is in a “world class” development, even though you pay a premium.