My family member is looking to sell their house after their spouse passed.

Where you invest depends on your ability to do a market analysis. 

I both personally invest in real estate and help others gets started/expand their portfolios in various Midwest/midsouth markets.What I do with my kids: My wife and I have 2 of our rentals that are on the same street, with a home in between them.

Not sure why owners invest in rentals, yet do very little research on market conditions!

I don't intend to get into real estate investing or any investing for that matter with the "get rich quick" mentality.

Investment Info:Townhouse buy & hold investment in Philadelphia.

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

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Investment Info:Small multi-family (2-4 units) buy & hold investment.

Don't spend your last dime on an investment.