However when he retires and I need a new manager, is there someone who may work for 5% or flat rates when he needs to meet with me or tenants,  and be a part time manager as I have decribed above?

But, like everyone, we are also interested in increasing cash flow and ultimately want X amount of cash flow in 10 years so I can retire.

If I rent it, it won't cash flow more than 2%, which is sort of ok as my goals is creating a portfolio of additional income for retirement (12 years from now)  If I sell it I will likley lose a little money ($5-$10k) I Used a VA loan to purchase zero down and will be living in it for 24 months while I do the rehab.purchase price $330K, rehab $15k, Estimated ARV is $370k.  

Turned into a great rental, that down the road will make an excellent personal or retirement property.

Should I create a retirement account that I can contribute to with income from this property?

Thanks, @Preston Dean.So if I understand you correctly, the value of the sale would go towards retiring the mortgage I took out?

I'm approaching retirement, so I no longer have to worry about it - but I promise you that if a recruiter called me with an opportunity in Boston, it would take a gun to my head for me to sign up for another 2 hours of bumper-to-bumper commute each morning.

Some people pull all the equity out of their rentals to buy more, others like to pay cash for them, others pay the mortgages down faster because perhaps they want them paid off when they retire, others just let the tenants pay them down over time.

I am not living in the Salmon Creek area but thinking about retiring there 10 or so years from now. 

Use that to supplement your retirement and arent a RE junky.