Or considering the membership buyout option? 

With your income and the option to use an FHA loan, buying a home could be a smart move, especially if you plan to rent it out later.

When I have some free time, I'll research other options that won't cost a fortune for the small guy.

Do you know an approximation of how much the cost segregation with speed up the depreciation, ie 30% of depreciable base(price minus land)?

If that’s the case, I’d recommend considering areas outside of Dallas proper where you can still find properties with strong growth potential.Cities like Prosper, Melissa, Princeton, and Anna are excellent options to explore.

I'm also based in California.

Could be way off base here.

Off-market deals are key if you go this route, so networking is huge.Out-of-state investing is another option people love, especially in markets like PA (Philly, Scranton) or even down south where prices are lower, and the landlord-tenant laws are more forgiving.

I think a better option is to get a job in property management.

@Jackson Pudlo Hey Jackson,I realize you posted this 6 days ago, but both options—SFH and Multi—are great.