We are already a fortunately high net worth family. however, that is from my spouses W2 income, so at this stage we don’t really have anything tangible to “leave behind” and we want to try to build generational wealth for our child. 

That's a disaster waiting to happen.Unicorns are cute and all, but being a unicorn hunter is not a good career path.Now go, my child, and sin against the market no more. 

The owner did well, my parents were able to downsize, and I was able to get a new investment property for minimum money down.

My parents own a home in near San Diego, CA it right now it’s worth about 970k.

Child sustained broken leg and concussion from falling through rail spindles that were too far apart. 3 days in the hospital, surgery

I come from a family of real estate investors, so my parents and grandfather always pushed for buying properties.

Began scanning MLS everyday to find a deal (I am my own realtor and this is my first transaction).January 2024 – After searching deals daily, I saw a property listed that day for 219,500 two blocks from my parents home and promptly made an offer that day for 222,222.Listing realtor kept the bidding open for a week and asked for a counter based on competing bids (in hindsight I don't think there were actually other bids).

Since the kids live in the building next door, I decided to warn their parents before having them arrested for trespassing.

All that said one of the things like about these smaller markets, is just less overall competition and the ability to kind of set your own comps, while it hasn’t sold yet so I could be wrong, it was hard to comp tbh, but this town (about 1.5 hours from dc) is growing rapidly, my parents bought a house for 350k in 2019 now worth 600k.

We have rented to families (typically single parent) with children.