On a side note, the main reason for home prices being so high is restricted development.

We have outstanding occupancy (in the high 90%) at a rate that is basically the same as LTR.  

Very humble, hardworking, blue-collar family and they happen to grow up in a part of California that is highly desirable now.

The high-appreciation asset will gain more value monthly than the low-appreciation asset that spins off some cashflow.That said, are you sure the first home will appreciate more over time?

I’ve seen high-highs and low-lows.

World of finance is in free fall, and being in new home development we went from running a thousand miles per hr to a dead stop in the blink of an eye, and being so high on that ladder, it was a long fall and a hard hit at the bottom.

I’m in swfl and looking to invest in real estate straight out of high school, I’m creating a LLC to sign documents legally.

I found a partner with a high income/net worth that didn't have the time to do management or find deals.

I am estimating a build cost of around $200k - $250k on the high end due to the savings we will be getting from my FIL and our labor.

. * Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.