The area is relatively stable, and the housing market tends to be less volatile. 

We will both keep our W2 employment for the near future just looking into getting an extra income or make our retirement easier.

Set a reasonable salary for yourself (based on market standards) to ensure a stable income.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

Anyone can buy a stable senior income fund like FLBL with the click of a mouse and no liquidity or complexity issues. 

A majority of the sentiment from the listening session on the 18th was in favor of STRs and there were a lot of people who shared personal stories of their rentals or their business which support their life, family, and future retirement of inheritance for their families. 

If I had started moving 10 years ago I would be retired too now (. 

I recently saw someone turn around a three-family property there by targeting tenents like teachers and nurses.. stable professionals who value quality housing.

Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.

Fortunately, he moved to FL after the sale, bought a mansion as his retirement home, and saved by the state's homestead laws.