I guess then I could really see if it would benefit me to purchase an investment property in the same area.......or a foreclosure....using 203K.....Just do not want to pull so much retirement cash out for downpayment unless this will benifit me and supplement my teachers pension in a few years...

I want the money I make from paid for rentals or even a few rentals that arnt paid for to supplement my pension.

When I was 20 I bought my first investment home and then used the money generated by that investment to buy more investments and to supplement a shot-term lifestyle I will never regret.  

This has led me to conclude that I would have to make some money through some flipping along the way to supplement my working capital.

I have used Cozy for several properties, and I would say that moving forward my process would be a combination of:Pre-screening questions before showing the property (this helps save us both time)Show the property, and then if potential tenant is interested enough in applying:Cozy Application and supplemental application (either paper or digital, if you can create one using, Google Form, TypeForm, JotForm, etc.).

My goals are simple, to buy and hold the asset, pay off the mortgage using some of my money and supplemented by the current rental yield, and maybe in 20 - 30 years when the city center has swelled up past the building and it becomes more valuable , consider tearing it down and building a more appropriate structure. 

I wouldn't worry about making supplemental payments to pay down the loan earlier.

Some times hobby landlords think they can keep tenants longer by supplementing there tenants rent and will charge $50 -$100 below market.

My number started as a retirement supplement but eventually set 8K a month as the number, then 10K. 

I agree with the one floor living (I'm 64; about to turn 65 in a few months and sick and tired of getting all those Medicare Supplemental advertisements clogging up my mailbox!)