I'd recommend the following:1) Continue to stay at home to save up more2) Buy the crappiest home in a good neighborhood, with financial help (parents?)

At the numbers you are talking about and where the market is heading you could pick up some very high quality NNN national credit tenant properties as commercial continues to recover. 

5K rent seems cheap for the area so I would continue with that.

If you believe it will continue to appreciate (like most of San Antonio), I would hold on to it even if there's a bit of negative cashflow for the first year or two. 

If you can continue to get an 11% return, I would stick with stocks.$500,000 will turn into $1,000,000 in less than 7 years.Great return and little to no work.You may want to consider spending $400,000 on stocks and $100,000 on a rental property.Take the $100,000 towards a property and see if you can make a return and handle the work involved.Best of luck!

I'd expect prices to continue to appreciate, so the longer you delay, the more expensive things may be. 

Will we see home prices continue to beat year-over-year values yet again!?!?

Successful individuals must learn to accept uncertainty, maintain a flexible mindset, and continue to invest.

I have been with a property management company for 2-3 years in Arizona and the property is being run continuously at a loss.

They have noted who they invested with and several of these sponsors used to be huge contributors to a BP and now have gone completely dark on their investors or but continue to pump out podcast episodes and speaking engagements… So my question is: is it that bad out there in the syndication space?