With syndications, you are usually investing money not for a basket of assets, but for one project, and if that one project starts to not go to your liking, you're not getting your money back.

I then promptly bought it and the agent got me a gift basket. 

Because buying in cash means you are putting all of your eggs in one basket. 

Buying turnkey and adding small updates here and there has proven far more fruitful for myself and other buyers (unless you have too much cash lol). 

I wouldn't put all your eggs in one basket. 

They're both in their 70s and want to enjoy the fruits of their labors over the last 45 years.

If the answer is not a resounding yes I take a minute and re-evaluate what I am doing.Once you have for some people 7 figure wealth and others 8 figure wealth you let off the gas and start enjoying more fruits of your labor as you get older and time becomes more and more precious. ( Dust in the wind ) song is very real (not another minute will your dollars buy).

He wants out of the business completely. he just wants to retire and enjoy the fruits of his labor.

I'm open to learning from all perspectives and excited to engage in a fruitful discussion that will benefit us all in our real estate endeavors.Looking forward to hearing from you all!

I would like to move to Austin (as there are many like-minded entrepreneurs there) and want to live on a ranch with 2+ acres, so I can raise goats, chickens, and have fruit and vegetable garden.