I was wondering if Icount on appreciation and if so, would investing in Merced or/and Bay Area Silicon Valley (like best schools in Fremont) still help to diversity between ETFs like QQQM/VTI and RE or are you recommending just keeping it all in ETFs?

I am a novice with no RE investments.

I’m a big fan of indexing in addition to re investing. 

Might as well just invest in a low-cost index fund.

Most of the reason I got into RE is because I control the asset.

That allowed us to defer taxes and reinvest into two Boise-area rentals, which soon covered our own living expenses.

I have invested in the suburbs outside of Chicago and it has been a great experience.

I ended up unloading all of them and switching to passive investing.

Hello, I am completely new to real estate investing.

Including the gain during the time it was a rental.However, since the property was converted and is being sold as an investment, you would have to recapture any depreciation and leftover tax over the $500K/$250K limits.