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.

Many investors are looking for passive income, others would like to supplement a salary from a job or business they’re quite satisfied with; still others want an inflation hedge.So I ask, what goal(s) are you wanting to accomplish by utilizing real estate investing?

That is going to supplement the 529.  

I've never really had an emergency that would have devastated me financially or put me in a very bad position.I think that I will take your advice and that of @Jeff Rabinowitz and make sure that I have a nice cash fund to supplement my credit lines!

I would love to transition into real estate full-time, while also supplementing my income by doing freelance writing gigs online.

Hobby landlords do not concern themselves with profit and usually supplement their tenants rent.

The houses came up in the same conversation as the retired lady was musing where to get a part time job to supplement her retirement.

I need the rental income to help supplement my income.

So more so ideal for renovating the property and converting its use to business purposed.Someone also mentioned a reverse mortgage - a good idea if you don't go the STR route and instead want to supplement your father with income by tapping into that equity.

Also firms and third party providers may interfere with the planning process.Regardless most people don't realize how much better off they could be because they don't have good guides to help the navigate the retirement land mines.An individual might have a lot of bond interest income supplemented by net rental income and find that 85% of their social security is taxable.