Apartments are different because the concentration of tenants increases the risks of ownership, there is a difference between someone who trips over a skateboard left on a step by a neighbor kid than by one left by your kid on the front porch.Insurance takes care of most risks, but not all, the risks not covered stem from your management and knowledge, which is the very best defense. 

We are also going to outsource a few of the items which took most of our time and energy, so we can concentrate on the important finishes.  

Given how much of global wealth is concentrated in the hands of 2 percent of the population it is likely that in any representative sampling most people will have little by comparison. 

Why not concentrate on getting the quality tenants instead?

@David B.It's interesting to learn about your real estate investment experiences and your intention to concentrate more on Salt Lake City (SLC) local transactions.

What I would like to see schools concentrate on is holding a higher standard, remove lousy programs like no child left behind, and give kids the grades they really earned. 

I have just opened such a firm with a concentration on real estate investors as I am trying to build my real estate business as well.

Some advice will tell you that 100% concentration in one asset class be it real estate or stocks is too risky and to diversify.

- There are other external concerns that I have i.e. state budget shortfalls, too much concentration in one job sector (ex. tech), running out of water situation, earthquakes, fires, etc., any thoughts on how others navigate this? 

We can also see the "concentration" of rental properties per zip code (vs. all residences), which when combined with an "A, B, C, D Neighborhood" classification system (see this blog post for a simple explanation) can paint a pretty specific picture about what micro-markets might work for a given niche & strategy.