I have 3 properties and currently looking to sell one. 

Showcase real-life success stories and emphasize how real estate income, combined with tax savings (e.g., deductions, 1031 exchanges), could potentially outweigh your current W-2 salary over time.Suggest a trial period for the first deal, involving him in decisions to build trust and confidence in the process.

We have purchased a property for flip that's currently under renovation.

What income streams do you have besides REI, or is this it?

Gross rental income divided by 2 (50% op ex ratio) equals net operating income. 

Jaycee, it will likely be personal income with other money coming from a lender.

Quote from @Nilusha Jayasinghe: Hey all, I'm a smalltime investor currently living in a flat of a Chicago 2-flat while renting the other out, and also have a SFH rental in OH. 

If you look at the one mile income radius and you see median household income at 45k, then take 30% of that or $13,500. 

Cash Flow Potential: Rental income from real estate held in an SDIRA flows directly back into the account, allowing you to reinvest and compound your wealth tax-advantaged.

I am 80 years old and rely on investments for retirement income.