Cars for example.

If you are using cash I'd be even more carful not to just purchase something right away but to take a month or two to get to know the area better.

Only a reliable income matters.Rent range - What the segment is willing and able to pay.Configuration - Two bedrooms, three-car garage, large back yard, single-story, two stories?

Your paychecks will likely have paid for your home, car, and some nice vacations.Along the way, you’ve saved, let’s say, ten percent of your income every year, to put toward your retirement.By the time you reach retirement, you’re supposed to have saved enough to stop working and live off your savings for the rest of your life.

Pick up a side “gig” to make extra money above and beyond your income…don’t let pride get in the way (I did when I was your age; new car, nice clothes, one job because I “went to school” to work one job; BS).

All in all, I had 20 cars outside and about 30 people in my house from 8 am - 5 pm. 

When we were considering where to invest, and whether or not to self manage those investments, proximity by car or flights was a huge factor. 

Car magnet ?

Reasons - a) Super easy for anyone to find transportation....LYFT/UBER, rental cars everywhere, etc... b) I would not want to be inserted into the 'liability loop', c) It does not provide a true value add IMHO.

I would advise your nephew to also carry good insurance for his car (liability), in addition to an umbrella policy.