It will be beneficial to achieving your goals.

Oftentimes, when one half of a couple is opposed to real estate investing, it really comes down to them viewing it as a cumbersome, risky distraction, rather than as a relatively stable, valuable tool to help reach your shared goals.

Hello Sabrina, With the things like this there are two things that should drive your decision: your goals, and the numbers. 

He agrees to this gladly as he would be managing the property and ultimately our goal would be in about 5-7 or so years to refi me out (or whenever it makes sense).

A careful present value of the two strategies would need to be made based upon a specific investor's circumstances, goals and objectives to determine which would be best for them.  

My goal is long term wealth.

The goal is to pay off your mortgage in 4-10 years as opposed to just making the normal payment for another 20+ years.

Apparently, this is very common.

Lenny, my goal is to build a pocket neighborhood in the next 3 years.  

Ultimately, the decision to purchase now or wait depends on your financial goals, risk tolerance, and the specific opportunities you’re considering and every situation is unique, so what works for one person may not be the best for another.