You could go with a commercial real estate fund model to diversify across properties, operators, and geographies.

@Yonah Weiss undergrad in Geography (GIS) then obtained an MBA then became a cop which is my current W-2 Job.

Other funds provide investors with diversification across different sponsors, asset types, geographies, etc.

Weather you have left is the weather and geography, access to outdoors, which remains.

MN is actually wildly diverse, we have 4 distinctively different geography regions in state.

It's very expensive, has horrible traffic on restrictive roads due to the geography, but is very beautiful, not much snow, milder temperature swings, great hiking and outdoor activities such as 4x4 or hot air balloon tours - very touristy.  

This feature was designed to reveal the best areas for STRs ... only problem is that 9 times out of 10 there is no method to the madness - at least in terms of geography.

Whatever, just pick the one you understand and like the best.If you wish to be a passive investor, then I would suggest you diversify across asset class, operator, and geography.

The market-rate housing is made affordable by having a landlord that accepts Housing Choice Vouchers (aka Section 8) and charges a market rent that is below the payment standard.Public housing authorities (PHAs) typically set the payment standards based on HUD's fair market rents (FMRs) at the county level of geography.

Or are you in a geography that has the advantage so you can do it.