I have a 100k nest egg that I want to use to invest or buy a home and the price of real estate in LA is astronomically high, even if I want to house hack.

But an EAT where the Qi takes title and you improve the property would work if the tax savings justify the cost.

@Justin Furtado can’t have your cake and eat it too.

A stray rental not close by can eat up cash flow-Mentioning non- homestead and high taxes, is the property in Texas?

What are the permit fees, impact fees etc.You definitely do not want to use hard money for a project like this the interest cost will eat your profits very quickly.

Ahhh, @Leslie Awasom which came first, the chicken or the egg? 

Do that, and owning rental properties is a scalable  and profitable business, let it get personal and it can eat you alive.  

So unless he's going to eat this product, we wouldn't rent to him/her.

You are trying to have your cake and eat it too.Brandon wasnt finding 12% cash on cash in tempe.   85281 is a top 5 fastest rent appreciation zip code in the country.he was finding 12% CoC in podunk washington.That said, you can find deals in some of these suburbs that need huge amount of repairs/rehab, or there are some deals foreclosures.Or you can invest in the ghetto's of PHX. and get 12% CoC possibly.Or you can invest out of the state which I've been doing the last couple years.

I eat a lot of risk in tech -- and would like to diversify my net worth with less risk but strong growth.