Gettysburg PA is a very attractive place and attracts a lot of tourist that now many retired people have started buying houses to live there and the prices of houses have gone out outside the Downtown.

Hoping that cash flow will improve substantially as this is going to be a big part of my retirement.

A couple of awesome class A paid of rentals will be a great investment and retirement strategy for most. 

The rent plus his retirement will actually produce positive cash flow.

I’m not looking to retire early or replace my income through rentals—I just want to diversify our assets.

Nat, question to you.What happens if the tenant has like 50K - 100K or more in their checking / savings / retirement accounts?

Here is the thread I started a few months back detailing my experience with Growth Equity Group, Brett Immel, and their cronies.https://www.biggerpockets.com/...Subsequently, I've had dozens of investors come to me directly, many of them having phone conversations with me, stating how they lost most or all of their retirement funds.

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.

He is nearing retirement. 

I'm from Leesburg, an active-duty Air Force member, too (retiring soon).