Your goals can range from full time investing to some passive income streams to supplement your W2 income.   3) Determine the type of investing you to narrow your focus and start the deep dive into that specific type of investing. 

Our thoughts are that she could transfer/gift them to me to take over and I would in turn split the cash flow with her to supplement her retirement income.

However, IF your goal was just to make some money in Real Estate to better your position in life, or supplement your job income, then selling might make the most sense to give you a good savings cushion.  

Maybe have the UW and said LO have their Credit Vendor call that lender to do a credit supplement?

The struggle is that in the rising rate environment, if you want to recast a mortgage, someone might go from maybe around 3%, to a rate of 6% or more, and they really wouldn't see any reduction in their monthly payment," said Peter Idziak, senior associate, Polunsky Beitel Green.The draft concept appears to provide a mechanism through which the mortgage can stay at its original rate and the payment can be supplemented by a second lien loan that's applied to monthly principal for three to five years, after it absorbs any arrearages.

If yes, flipping is a good plan if you are open to getting into some construction.Are you looking to just generate some cash flow to supplement your other income and maybe trade up properties every couple of years?

I think a good amount of people own 1-3 properties and are content and although they can't live solely off that profit I will still commend them as they're supplementing income and/or if not already they'll someday own a few properties free and clear that they can hold or later sell for a big payday. 

Also, cashflow is so heavily talked about and held so highly that if it doesn't cashflow, forget it, but I come back to success looks different for each of us, you may just want to supplement paying for your housing by having a multifamily and only paying $500 of the mortgage instead of $2,500, that's $2,000 more you can do whatever with, save it or spend it how you want, all while still doing your day to day job. 

But I want to set myself up so I have a stream of Income to supplement me when I retire!   

My long term goal is to have a retirement fund and some positive cash flow to supplement my career in the education field.