Household income $275k/yr-TSP #1: $205,000.   

Try to get one side completed at lease to have income and then the other to have it totally full.

Don't pay your income taxes, your house or other assets can be seized. 

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

In some cases, it may even generate positive cash flow, allowing you to save or invest the extra income.Build Wealth: Over time, the rental income from the basement apartment can contribute to your overall wealth-building strategy.

These are the benefits I see: Mixed useRetail space(s) brings in a long lease and stable income.

We also had an eviction and lost around $15k in rental income in 2023.

Doesn't let them even do debt investing for the cash income for their retirement.But, still it depends if they need the cash. 

At least with the S&P the dead companies fall off but overall RE keeps the underperforming in the mix.If one is high income then just throwing cash at the stock market over the long haul a nice way to go.

To successfully invest in a property for steady income, establish your investment standards, research the market thoroughly, assess your financial preparedness, connect with local agents, property managers, lenders, and other investors, analyze properties carefully, consider various financing choices, do your homework before making an offer, and negotiate and finalize the deal.