Depending on your income, credit and savings, have you thought about buying? With 30 year rates around 5% and prices being depressed in most places, it's a buyers' market. NOW is definitely the time for someone your age to be looking to buy (IMO). I don't know if you're in the U.S., but assuming you are, you could get into a place using FHA financing, and with a well structured deal, be in for roughly 5% total out of pocket (sellers are still allowed to pay points and maybe some other closing costs with FHA, I believe). You could even get a duplex and have a tenant to help cover the mortgage cost. And if you go in that direction, you can depreciate 50% of the property on your taxes.
Even if you don't have the credit or income to buy on your own, see if your parents would be willing to help you out on an owner-occupied deal. The way things are now, you'd have to actually work to screw up a straight forward deal like that.
But at 27, it's time for you to fly out of the nest and make one of your own. :wave2: