Real Estate is a local business that requires intimate knowledge of a market. This knowledge, plus being an expert on the daily nuts and bolt of operations, mitigates risk. Further risk is mitigated by in-house management to make sure no corners are cut, expenses are managed tightly, and tenant maintenance requests are responded to promptly. With all these things in place, plus assets acquired patiently at the right price with fixed debt, investors will most likely not lose money. Dave Codrea, Partner at Greenleaf Management, has built a vertically-integrated company with incredibly conservative discipline that owns and operates 125 assets across Multifamily, Mobile Home Parks, Medical Office and Flex Industrial.