In addition we're finding lots of "old property problems" leaky pipes, wood rot in some areas as most have original windows & framing on the exteriors.To sum it up, I see long term potential but this isn't an easy "buy & hold with a fat cap rate" you will need to put some work in & make sure you have a solid manager in place to help you deal with your problems as they come.

NO social welfare at all. you either make it or you don'tand of course not every one is really rich in Singapore.. but they pretty much ALL work. and there is govmit housing but you have to buy them  500k and up... for a condo.we won't solve the welfare problems in America here on BP.. its just something to ponder and wonder .. and scratch your head about.. and maybe get frustrated at tax season when we are writing big fat checks but we all get the same use of the roads and other public amenities. 

Actually.. you can in fact be arrested for the acts of the LLC but that is a different discussion.The LLC typically does not protect you from any damage that may occur as a result of a physical disaster or other hazards such as: floods, fires, hurricanes, earthquakes etc.

I was in your exact position not too long ago and have two thoughts:1) As the two guys above me said, definitely try to live at home as long as possible, you’ll build up more savings in 1 year than a lot of people can in 5.2) Just take your plan one step at a time and focus on what you can control, ie working hard, saving money, listening to podcasts and books, etc.  

Can you filter land leads for equity position like you can in houses? 

We had multiple 1000 acre projects going in the San Martin and Gilroy area the foothills on the eastern side of the valley.. the 1989 quake and WAR put a big fat halt to those...

This seems to make more sense as we could probably pull out some of that $500K cash we already have in the property (although likely leave in a fat downpayment of 200K-300K).

Maybe I'm old school, but I go by the sayings "Pigs get fat, hogs get slaughtered" or "You can shear a sheep many times, but skin him only once" or "Nobody minds if you make a living, they just don't want you to make a killing".I realize many in business don't share my opinion. 

If you aren't a co-living true believer, I would aim for a multi-family property, the largest you can in an appreciation market.

So far, I have been investing all I can in Vanguard funds, but now I’m looking into real estate.