You can use the extra income to pay down debt, save for retirement, or invest in additional properties.Tax Benefits: There may be tax advantages to renting out a portion of your home, such as deductions for mortgage interest, property taxes, and depreciation.

I'm working with family that is in the wind-down/retirement phase of their real estate investment careers. 

You can redirect some of your profits into a retirement account, but then you cannot spend this money or reinvest it into your next deal. 

At retirement, you can think about paying it off and living in it.

Consider hiring the retired professional tradesman  who works part time after retiring there. 

Well I did some research and looks like the owner is around retirement age.

I have a combination of index funds, mutual funds and individual stocks in retirement accounts and brokerage accounts.

. - i like to think I’m pretty handy, I’m am a retired mechanical engineer.

My dad is an investor who is retired from his W-2 and now is a G.C.

Look more as a retirement play .