Rooming houses dwindled in numbers, and zoning regulations took out the rest.Now apartments in popular suburbs are as expensive as in center cities, and for people of even moderate means their own apartment or house may not be realistic financially.  

Investing in both provides some diversification of assets. 

@Jun Lee One pro that I can think of a solo 401K is there is no UBIT taxes when an asset u invested that had leverage sales.

A detailed financial analysis and property inspection will help uncover any surprises. 

Quote from @Jeff Nash: Take a look at Independent Financial.  

Nostalgia for retail centers and the need for hybrid work environments are sparking opportunities in undervalued assets and multi-use developments.Seller Strategies: Sellers should think creatively to attract buyers.

However, I shudder at the popular suggestion to sell some of your investments for tax purposes, often coming from commission-based brokers and financial advisors.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

Financially renting is smart right now but if you want to buy do it.