They want to drive out oil and gas, they embraced gun control and chased off gun manufacturers, legalized recreational marijuana, they coddle illegal immigrants...it's just a matter of time before it turns hard blue.

Who controls what?

Living with the parents is no longer an option.

By the way, one reason Landlords have a difficult time with tenants is the failure to maintain control.

I have a 1031 Exchange in my near future and in my market specifically(Miami) prices and therefore cap rates are out of control and ROI’s are not favorable.

However, my thoughts are that if you're going to spend a bunch of money on this, choose an option that results in individually controlled and metered units.

I give the option of paying an early termination fee a d walking away clean, or she remains responsible for rent and utilities until a qualified replacement tenant takes over.100 years ago, people would lose multiple children, spouses, parents, it other relatives, yet they still lived in the same home for decades.

A co-signer (like a parent or rich uncle) can help make this happen if needed.

I do think there's value is both types of investing (Stock Market vs Active Real Estate) as well as using retirement accounts to help control taxes.

It's another point of control that can impact your situation.