Key Takeaways:
Being a generalist in commercial real estate is better than being a specialist, as it broadens your investment skills and opportunities.
The numbers alone don't make a deal - you need to consider operational capacity, management ability, and local market conditions as well.
Real estate doesn't always go up in value, and can experience significant drops in the short-term.
Just because you find a good deal doesn't mean the money will automatically come - raising capital is an ongoing process that requires preparation.
The 1031 exchange is not always the best option, and it's important to consult your CPA.
Single-family rentals are no longer a good investment due to the high risk and low reward.