I am currently in the Carolina Beach/Wilmington area.

I found this deal while looking at the deal next door which was a larger piece of land.

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

How much are you having to pay the management companies?

While the market can go up or down in either investment, Real Estate is the only one of the two that offers income opportunities through rental income, that stocks don't, and can often help ride out the storm of market fluxes.Also, the Greater Phoenix market (that includes Scottsdale) historically nets 65K+ Californians per year. 

You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.

To find out the amount of the subordinate lien through the NSP program, you’ll want to pull the title report for the property.

The industry continues to see consolidation, with private equity-backed firms actively acquiring, albeit at a slightly slower pace than the frenzy a few years back.

I don't want to try to predict the next "hot market" or "hot asset class."

In the next 4 years my income will drastically increase, but I don’t want to wait 4 years to buy another property that will be an investment.