I have lived in the DC Metro area for just over 2 years, and thought that it would be a great opportunity to invest bc rent is stable and property values do not seem to bubble as in other areas, but consistently incline. 

Rents are historically very stable and tenants are plentiful due to the massive amount of people that come to Las Vegas. 

I'd like to get a multifamily with the proceeds, either way, near our second home (where prices have increased but are affordable and a stable dependable market.)  

I'd like to get a multifamily with the proceeds, either way, near our second home (where prices have increased but are affordable and a stable dependable market.)

The neighborhoods with a 60k house may be more stable. 

Not to mention that practically not a week goes by without a newspaper headline showing a net outflow of population (I guess people can only take absurdly high taxes, government regulations, cost of living,etcetc for soloing before they decider's not worth it.) and SoCal continues to be a lousy place to invest, compared to other, more stable and "boring" Midwest and Southern markets.I agree with the "house hack"; if one HAD to live in SoCal, possibly THE BEST way would be through a house-hacked duplex, try or quad.

Spend it, and it has a shelf life of only 1 use...much like 100% equity

I mainly want to build a good asset early and have some type of cashflow so I can eventually accumulate more wealth and not just be relying on one job to keep me financially stable.

All investors are different but I strive for stable cash flow properties that I would plan on holding for at least 5 years.

My wife and I are in a stable financial position, and I have about $20,000 to work with for investing.