I want to invest 500k real estate somehow to protect against dollar devaluation.

I want to protect myself and do things the right way so I wanted to see what you all thought. 

This is why we use these services so that we can be protected from these kind of things and so other people can be protected.

Think at things like the demand for rentals, the possibility of property appreciation, and the property's closeness to services and job locations.Work with a Real Estate Agent: Assist a nearby real estate representative who focuses on investment homes and is cognizant of your financial objectives.

Renting is initially financially better in this situation.  

Hi, 1. solid financial foundation - working on it now2.

I live in CA and plan to invest into a RE rental property in Florida incorporating business entities for an assets protection. 

Economy: Philly has better schools, a better financial sector and job sector than LA (I am guessing but would like some opinion)Cons:1.

*I do not wish to trick my employer or any financial institution, I simply want to take advantage of the 5% multifamily down-payment and flexibility of my corporate job.

I think that you would learn a lot and wouldn't get hurt too badly, but I do not think you'd wind up in a financially advantageous position to buying an existing home.