C - already lower household income usually 40k/yr, higher crime, mixed bag of high school and college education. renter density in suburban areas generally higher in the 20%+D - warzone, high crime, sect 8 mostly living on govt programs and supplementing income via not so legit ways (read meth houses, etc).

Best  -- Jim  I think the best solution for grandma would be to sell her property and purchase a small condo and use the excess cash to purchase a managed rental property to supplement her living expenses.

It quickly became obvious to me that buy and hold made the most sense for me because what I want is cash flow to supplement and eventually replace my income.

Typically you would include a down payment, and supplemental payments each month.

I am 63-1/2 and I have a decent pension that I am supplementing with a small monthly disbursement of traditional (taxable) retirement savings.

My goal is to acquire rental properties for passive income to supplement my income.

I have no debt and a well paying job, so I'm ready to start looking at supplementing my income with investing in rental properties.Ideally I'd like to purchase a multi-family home outside of socal that could be managed by someone else with minimal involvement on my part.

It is a good supplement to flip or hold strategy giving you more ways to work your business.

Our main goal is to save as much money as possible and leverage as wisely as possible to acquire enough properties, as soon as possible, to supplement my wife's income with cash flow so that she can stay at home with the kids.                                                                                                               

I am a slave to it, hence my design to begin supplementing with income from REI.I am fortunate to have $$ to invest, now I just have to invest wisely...