As others have alluded to, if it is cheaper for you to rent wherever you go to med school and purchase the out-of-state multifamily to supplement your income while you are in graduate school, there is nothing wrong with that.

I'm in my mid 50's and am trying to find a way to supplement retirement. 

If everyone pays they are expecting that to be enough, but based on the default rate, there may be a supplement bill next year to pay for the system.  

Giving the investor the returned capital at the sale (since they took the financial responsibility in the beginning makes sense for them to get the big chunk of money when their investment is said and done with) and I’d pay myself a salary through the loan as supplemental pay for being the “project manager”?

Maybe even if they still need to come out of pocket for repairs, would it not still result in paying less than one would paying a full mortgage on a a house (with no rental income to help supplemental the mortgage)

If you can focus on getting 10 deals as a agent, you could you supplement your income.

I should be able to pay it all off in the next 2-3 years based on my annual salary, but I've been looking into ways to supplement my income and get it paid off faster.My job is fairly standard (45 hours/week) and I have more bandwidth.

I can build reserves of $450 per year that I can help supplement the vacancy repairs.

So I have a question for the experienced and professional BP members.I set out 2 years ago with a goal of purchasing one property a year until I hit my retirement to help supplement my retirement income.

Read over the supplemental documents on the property, run comps, and most importantly, do your own walk through.I consider a walk through the most important aspect of buying a property.