where would you move to

[LuxLiving]

That's why if you are dead set on Real Estate - I like it myself - then invest in a REIT. Right now that sector in the US is tanking, so proceed with extreme caution, there will be fire sales going on everywhere, so prices will be low. A cautious investor is going to have to do a lot of due diligence research to come up with the winning hand and be a LONG HAULER!

IOW, I would not put all of my inheritance eggs in this one basket. I do think it would be great to have a small portion of your total asset allocation be in RE, but certainly don't bet the farm on it!

[Ima saver]

I lost over $20,000 in one rental alone! That does not count all the money I spent fixing it up! My FIL built a duplex. He figured he would live in one side and rent out the other side. Being right next door, he thought he would know the place was being taken care of.
Boy, was he wrong! He picked a nice normal couple and they lived there a few years. When they moved out, he discovered that they had trashed the place!! He has never rented since.