Here's my situation. Me and Girlfriend are preapproved for 1,000,000 in loan together, I have 125,000$ to 140,000$ liquid cash to be used as down payment on whatever property we chose to purchase. Just looking for some fresh ideas and what you moves you make or purchases you would make if you had similar finances. ( and to make this more clear, this is a long term play ( 20-30 year buy and hold):

Ideas must be centered to sacramento/ bay area region:

What cities to you feel are still the most undervalued in the bay area/ sac region:? vallejo, tracy, lodi, pittsburg, fairfield, vacaville , arden, carmicheal, citrus heights give me some more?

Options we have been playing around with:

1. Just buy a single family home in a well established area, put 20% down and rent it out from day one ( seems like a safe move but it probably wont cash flow for the first handful of years. ( appreciation play)

2. FInd something with a sfh with maybe an adu on the property and rent out both or get creative. I know the recent passage of senate bill 9 we have more options as far as putting more propertys on lots once deemed for sfh only.

3. Buy a property that is already multifamily and rent it out long term, we want to stay out high crime areas and that limits are choices to a few cities at least at our price point. IE sacramento, lodi im sure there's more but the options are few.

I am really just looking for some fresh ideas that I might not have thought of. Thanks for any feed back everybody. Please try and justify why you would choose a particular option thanks.

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Purchasing a property in SF bay area/ Sacramento region

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