Soon to be landlord in San Fernando valley

[Chris Full]

Hi, 

I've been reading learning about investing with stocks and real estate for over a year. I'm from Northridge/Granada Hills, CA. My main goal is cash flow and money growth. After missing out on real estate deals these past years(since 2013) and not being able to find a rental property in my neighborhood for the last 6 months, I've decided to fund a studio attached home in my parents house. My father has been a landlord from the 90's and 2000's. I'm paying cash for the construction and will generate possibly 2% and share profits with him. In the long run this will secure his retirement. I'm excited about this journey and hoping to invest in Las Vegas in the future!