As I’m nearing retirement, I just invested a similar amount in first trust deeds secured by real estate at 9.75%.

(Social security, pension, 401k, etc)It is hard to retire on $350,000 of net worth.Even if that is generating 10% cash flow, you are talking maybe $35,000 which is $17,500 for each person.I personally like the idea of seller financing a home at that point, potentially exclude the gain on sale if it was their personal residence and get a nice interest return.If the house is big, it also allows them to downsize the home when they look for something to rent.

Safeguard reached out to me when I was in my mid 60s, and offered lending notes secured by real estate. 

Imagine luxury homes, dream holidays, and financial security.

I have a separate interest bearing account for security deposits as required by my state laws.

And if a property is owner occupied, how can you secure a loan with a hard money lender not being able to view the home to estimate repairs?

We discussed this in an earlier post.Obviously, if loans are being made without any provision in the Operating Agreement, it’s time to get in touch with your State Securities Protection Division - usually a part of the State Attorney General Consumer Protection Agency.

1099, social security, trust payments, annuities, etc?

To combat this: market the property well, be transparent, secure a great flood insurance rate so a buyer can know the cost and be able to transfer the policy.5) no flood zone AE does nothing to rental rates6) if the insurance rate seems high then get a flood cert and maybe it will decrease.

I would echo the post about security.