How Would You Invest $200k?

[Daniel Han]

I know there are a multitude of answers to this question and each will have positives and negatives but I was just wondering....

What would the best real estate investment be with $200k? I'm in Los Angeles and I am pretty wary of investing here due to the eviction moratorium and problems with the State's/City's policies. I'm looking into Turn Key properties but there doesn't seem to be much return these days. 5% cash on cash return seems to be the average based on some properties I've seen. Texas properties seem to break even for turnkey properties. I do like that paying off principle and appreciation is there but cash on cash ROI would be great.

Does anyone have any other suggestions?