That unit brought us $600 and helped us with mortgage as well.After my wife passed way, back in early 2007, I went through some soul searching and decided to get involved in real estate even more, mainly as a supplemental retirement plan.

Supplemental heat is usually required especially in cold climates.So, check what is common in your area for homes in the price range of your subject property before you start adding features.

The hourly pay was good at the time with the stock upside.Flash forward today and as mentioned pretty much anyone good will not work at these places unless it is supplemental type income going through school or retired, temp gap until they land a contracting job again etc.  

If I died in a boat accident my income would be supplemented by all the rental properties we owned.Then I made just a simple spreadsheet in excel with cash flow amounts. 250, 300, 400 etc.

Hi @Trina Walker,I share your story, as I am also "50'ish" and I am getting into RE investing to supplement my retirement income, and to ensure that I have a more than sufficient padding, which will allow for travel, and the ability to build a financial legacy for my family as well.  

In my experience, and I'd admit I'm not the best investor out there, far from it, real estate is a nice supplemental income, but I don't see that as enough to quit a job.

But first a little bit about me I provide care for the elderly I absolutely love the field and giving back and all, however supplemental income is encouraging to any entry level employee I make 11.00hr.

Philadelphia) have taken to regulating the presence of lead based paint ...Those comments of mine are intended to supplement the posts from previous posters on this thread.

Something like this could benefit from some other ventilation to supplement it.

I think someone also mentioned a triplex, and that might work as well so you can get economies of scale there to supplement the income.