You will also learn from others which operators they like or don't like, which asset classes are going well, diversification strategies, standard terms and more - and most of all you will have other like minded individuals to consult with who are on a similar journey.  

When I went to expand to other areas for diversification I found it much more challenging. 

While further from Canada the sunbelt of the US has experienced and continues to show good metrics with items like population growth, income growth, rent growth growth, job growth and job diversification.

I don't particularly like the idea of sticking it all in one multifamily deal, unless you have other chunks of cash for some diversification.

@Gladys Villa one important investment principle is diversification, and it’s hard for most people to diversify with CA investments because of the higher barrier to entry.

I do also think diversification is critical as well an dont want to be 95% in RE even though at times it seems like the right thing to do.My plan is to continue to fund my 401k for 2-3 more years, then roll into a solo 401k when I go self employed.

Its great to see someone have a successful business and use that as a vehicle of diversification, I wish you the best.

This is not a very large pro as the diversification of 2-3 is enough to cover downside risk of placing all in one, of course, it all depends on how well you are able to buy which is key.

I understand the importance of diversification, but I also am a new believer in the power of property.

Diversification is important too, and last year Houston's job growth was bad but the stats hadn't caught up.