I retired from my w2 job a few years ago, but recognize that no W2 income reduces loan options.  

@Travis Boyd why does your FIL want to retire from landlording?

Did you set out to retire with real estate, did you have a goal or an amount you wanted to make?

As someone who has spent years in the real estate industry, I’ve learned that success on Airbnb isn’t just about listing your property—it’s about strategy.From pricing tips to guest communication, I’m happy to share insights that can help you maximize your income.

Lots of good advice here, but no one asked what your parent's retirement plans are?

It's mostly retired people or people who have no money.

The absolute best way to avoid taxes is not earn income.  

Typically 75% of rental income can be applied towards your DTI for qualification. 

Hope to spend more time here in retirement.

For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.