This is where I am at with the HY fund as well. The diversification risk scares me and I am certainly not an expert on HY. With enough 'backups' my thinking is it would be successful, but since I don't "have" to do this, I will not. I also certainly agree with the risks to HY in the current environment.
The point about rentals and rent not always increasing is certainly also true, as rentals only reflect the local environment, which is one reason they are risky.
I appreciate everyone's comments here. I'm going to stick with my current plan and portfolio and will work to get to the point where a 2.5%, or at the very least, a 3% draw will cover my expenses.
