The diversification is nice. 

My strategy would be 50% on the property and the other 50% low cost TSM index fund for diversification, liquidity and truly passive income. 

Great insights your experience across multiple property types really shows the importance of diversification and timing in real estate.

They all had the they can't lose mentality.I do personally know some LP investors that have invested in my deals for long time and for diversification invested in open door.

However in terms of questioning the economy, I would say your job, investment diversification and which side of REI your on, Owner/buyer.  

This is the whole key to buy and hold investing (the brrrr method in particular)What some investors like to do is what we call a diversification exchange, where you sell one investment property and invest in multiple smaller investment properties in a 1031 exchange.

They seek returns that are likely to exceed the broad stock market and provide some diversification from stocks.if you can find investors to invest in your offerings that purchase stabilized assets and rely on cash flow for the bulk of the return, that is great but do not think this is not a very smallpercentage of the investors.  

For diversification you don't need BP.

There is expectation, assumption and perception they are pro's, actively managing things, much experience in it, and while a specific syndicated deal may not be diversified a person get's a sense of diversification safety because the GP is diversified across multiple syndicated deals. 

Virtual interviews, reference checks, and small initial engagements, like market analyses, help verify responsiveness and expertise before full commitment.For geographic diversification, markets with strong economic drivers and investor-friendly environments can facilitate team building.