Living in San Diego and trying to invest in our-of-state MF

[Michael Ndjondo makadi]

I need advice. We’re thinking about three 3 options currently and we’re currently renting for 1900 a month. The long term goal is to build financial freedom. We have no kids at the moment but we might try in the next year or 2. We saved some decent cash to be able to put down 20% for a nice single house in San Diego. That’s when we start having different ideas as follows:

1. Should we buy a house with at least 4 BR and rent out at least one room. This way we will reduce our renting expenses. Save that cash to then start investing later.

2. Buy a small condo in SD and Airbnb that property. This means we keep renting.

3. Keep renting and invest in multi family properties out of state. Thinking about either Wichita, KS or Dallas TX. Mainly because we lived in both cities and still have connections there. Also, are MF properties in those 2 cities attractive?

4. The issue with both options 2 and 3 is that, this means we would be able to a house for ourselves in the next 5 years. We’re worried that prices in SD will keep raising.

So we need some advices on what to do. Your contributions will be greatly appreciated.