He provided great guidance and support while I was starting out in the "private capital" space which has allowed me to achieve financials prosperity in just 4 short years. 

Consult a CPA to ensure compliance with tax regulations and explore strategies that align with your goals, such as providing for your mom while managing tax implications effectively.This post does not create a CPA-Client relationship.

I wrote an article that I think you'd find value in that will provide some answers to your question: https://www.straightupchicagoinvestor.com/blog/6-must-knows

I wish I could say that I'm venturing into real estate investing for some benevolent purpose like providing low-income housing for the needy... but financial gain is certainly my angle lol.

However, can you provide more information/details regarding your first townhome deal in Gainesville, especially the numbers?

It seems like a common challenge, and any advice you can provide would be invaluable.Thank you in advance for your help!

Individuals are purchasing these properties, rehabbing them, and raising rents.

Since costs of living depend on the area of the country, this will also influence hourly rates.Again though, Google AI can provide answers!

You're running a business...you are not a social services provider. 

Paying off the mortgage can provide peace of mind and simplify retirement, while keeping the debt allows you to leverage your funds for higher returns through investments.