The idea is to provide them with a steady passive income in their retirement. 

But then again, I am not a lender so I don't know nor have I studied that idea to know for sure.  

Once you have a general idea I can help point you in the right direction to people that can help

Could use some good ideas right about now :)

She wants to talk about RE when she comes home for Thanksgiving so I want to come with with some ideas for her ponder.

I would like to invest to make it work for us but brainstorming ideas. 

Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure. 

We focus on exceptional customer service by aligning our solutions with client needs, while innovation drives us to continuously improve processes and embrace new ideas.

I'd talk with owners in the areas you want to buy so you have an idea of income, expenses, etc.

I would love to make this a live and flip for my wife and I but have no idea how to go about it.