They have a little higher gains (a lot more volatility) but a syndicator who is willing to put you in a deal with more than 10-20% of your net worth is asking for trouble.

With the interest rates right being very high and volatile it is probably not the best time to get into multi-family.

Commercial space can be tricky and volatile - - just look at all those Space Available signs. 

But still. market is volatile so of course it forces me to review. 

Many successful PMs also buy and sell RE, with the brokerage side of the business being the actual money-maker and the PM side providing stability compared to the more volatile sales side but not really generating much profit, except as a feeder of leads to the brokerage side since the owners of the properties they manage are likely to use them to buy and sell (assuming they treat them well).

The bonds performance, which is based on the underlying rental payments, could have some volatility from year to year.

@Bill Coleman My condo appreciation experience is that condos are more volatile than SFH prices.

Pueblo Metro generally is more volatile than the Colorado Springs Metro, meaning that The Springs is more resilient to market fluctuations, and therefore in my opinion would be the smarter bet. 

Would not recommend with the volatility of the oil industry right now.TLDR = Texas market rocks!

Even though we has a good amount of savings, I was loathe to touch it because I didn't have a consistent way of making it grow (banks pay less than 1% and stocks are too volatile to count on stable growth).Now, with over a dozen buy and holds that cash flow well and some other passive income sources (dividends and notes), I feel less qualms about splurging occasionally because I know the passive income more than pays for it.