Lots of good advice here, but no one asked what your parent's retirement plans are?

If you are meaning you'd like your Realtor to spend marketing dollars targeting buyers in other areas, you'd need to discuss that with your Realtor.

Do not spend any more money on wholesale courses.

Quote from @Fulati Paerhati: I am selling one property and planning to do a 1031 exchange.

A common bit of advice seen on this site is, "Don't spend $20K on a mentoring program when you could spend that money on your first deal and you'll learn much more."

The entire focus is on new people because they spend on more.4.

That way you have a fallback plan if it gets overwhelming. 6.

You’d need a clear exit plan and enforceable lease terms to protect your investment.Think about the following:Tenant Risk – Can they truly recover financially, or will you face another eviction situation?

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Spend the first few deals just listening and asking questions.