Invest or wait and buy first home

[Fred Garcia]

Hi Everyone,

I am looking to get some feedback and opinions. We currently live in an apartment and have one child who is 9. We live in the bay area and homes are very expensive. There is no way i am willing to buy a home that is 800K+ and live day to day. We both have well paying jobs that allow us to save and travel. We have almost no debt ( less than 3k).  I am now questioning weather we should keep saving for a home or invest in a rental property. 

My dad has asked me in the past to invest with him but we were saving for a down payment.  Now i might take him up on his offer. 

What are the cons/pros or investing instead of buying a home. What areas should I look at. Where can i search for more info on this. 

Any help or advice is greatly appreciative.