I'm 66 years old, I have 345,000 in assets, $340 social security!

[Gail Roberts]

What would you do if you had these assets and such a limited income? Actually my investments might be earning me about $500.00 a month. 

Hello, I'm new to this forum: I've never owned property, I have about $100,000 of my money invested in a mutual fund and municipals. I don't feel very comfortable with mutual funds!  I've been staying with a frenemy for very cheap but would like my own place. I've wondered about a duplex, and living on one side, I've wondered about buying a house that has a converted garage apartment or a mother-in-law unit that I would live in. It's really scary to do anything with this money. I don't know how I'd manage as a landlord, actually I'd probably pay for management and I'd want to pay off the property completely. I'm in Lane County Oregon, the market is going crazy here.