He was talking condos, but for some fun, out of the box thinking to get your juices going - I would totally take your budget and get as many mid-century bungalows in Burbank between Magnolia and the Chandler Bike path that haven't been remuddled, with the original wood floor under carpet. 

The thought behind this was a note would have less volatility than the market, while juicing returns compared to a core rental.

Otherwise you are just getting a juiced return and sitting on too much loan leverage.

I thank you and anyone else in advance for your ideas - help me get some creative juices flowing, PLEAZE..................

 @Bill F.Absolutely correct, leverage juices returns but does the same to losses. 

The juice may not be worth the squeeze if your goal is to invest for yourself.8.

But ask, what's tied at the hip to those in CRE of "power" but, without that "juice" to get bailed out?

That company went belly-up during the last crash long before this guru even thought about real estate investment let alone finance.

I feel pretty sure that the single home only is county so I would check that.You need to decide if the juice is worth the squeeze. 

Also, check the electrical panel and amt of juice per unit.