When I have $70k saved again it's going towards an SBA7(a) loan for a turnkey business that'll have a 200% COC return.I understand there may be sentimental value attached to a family home, but the idea that you must own a house in order to settle down simply isn’t true.

Ya-Know @Chris Seveney the overpay on general sentiment of epic appreciation isn't exclusive to investment real estate. 

In general I agree with your sentiment, but …rent to value is at an all time low per 2 recent studies, the interest rate is near the high point for this century, and Los Angeles can be very landlord unfriendly.the high interest on high LTV loan (you are proposing at least 95% LTV) combined with poor rent to value can easily have a two unit negative $25k/year or more with accurate sustained underwriting.the 5% historical appreciation, without looking it up, seems fairly accurate for Los Angeles in general but it is not a straight slope.  

The University of Michigan’s January sentiment reading inched higher for a second straight month, signaling modest improvement, but confidence remains deeply depressed versus a year ago as consumers continue to cite high prices and a softening labor market.

I also agree though with the sentiment that it doesn't seem like people talk about this co-investing... 

Risk sentiment remained cautious, and rate volatility stayed contained, reinforcing the sense that markets are trading momentum and credibility rather than reacting to any single data point — a dynamic echoed across global bond markets in recent sessions.

I agree with the sentiment of local hands on can reduce their costs significantly.  

Markets will then turn to Core PCE, the Federal Reserve’s most important inflation gauge, where any upside surprise would reinforce a more cautious policy stance while softer readings could support dovish sentiment.

I've been a client of SDIRA Wealth for the past decade, and I echo Susan's sentiments about their exceptional educational offerings and the numerous benefits of accessing new construction build-to-rent properties through them.

Precious metals behave the same way—prices rise and fall based on sentiment, not reality.Rental income is different.