Hi Everyone,I'm a 53 yr old married man, I'm almost ready to retire so I'm looking for ways to supplement my income when I do so.

Over the course of ten years I've supplemented my income with about ten deals and now that I'm settled I want to take it more serious, maybe even full time.

I am looking to supplement my income with real estate investment.

Hawkins II and I have decided to become a real estate investor, so that I can supplement my income, where I would like to make an extra $75,000 a year.I am currently located in the Lawrenceville, Georgia area.

I have a side outpatient practice and am currently in the process of setting up the business entity properly, and I am always happy to talk about food/nutrition/health topics if anyone wants to shoot me any questions or comments.After I stumbled onto Bigger Pockets a little over a month ago I've been inhaling the podcasts (almost 100 working backwards), blog posts, and have made it through a couple of real estate books by now and have started analyzing deals in the area to get practice, scheduled my first REIA meetup for this week, and have just started reaching out to people looking for CPA's and Attorneys to get more info and advice on really getting into this.  

You can use Everbooked and AirDNA to get high level estimates for your ADR and Occupancy rates but in the end, I usually like to supplement (especially if I'm getting serious about a property) with good old fashion legwork with calls to local property management companies and review of nearby listings on Airbnb/VRBO.  

They've mastered supplementing their income and don't live beyond their means...

I've been told: 1) that if there is ANY flood zone on the property, even if the house is not in it, then mortgage companies require insurance2) Flood insurance is very expensive (after the first two years of government supplement ends)3) 1+2= longer hold times and lower ARV Are this "facts" true?

He feels it would sell in a matter of weeks or months at 140K or so.I am mostly looking at real-estate as a supplement to retirement income in15-20 years, but some current income would not be frowned on either ;).So , what do you all think?

I have goals to be able to do this successfully by the time I retire for supplemental $$$$.