I am 64 and need to supplement my retirement and believe REI is the best way I can do that....I want to start by buying houses from motivated sellers who want out quickly, such as a possible foreclosure situations.   

Between the military, task apps, new business, etc. there is never a better time to be able to make supplemental income and be my own boss.

Find a sales gig or something to do on the side to supplement it.

Those that really succeed in any business either learn from the ground up or they use other experts to supplement what they do know.

I am looking to work in finance/banking for 2-3 years and save up as much money as I can as I pursue my REI dream.I really wanted to either get my salespersons license or brokers license to supplement my income on a part-time basis and for me to get to know the industry better + build connections. 

I'm a looking at making a purchase in the Inglewood, CA area and hoping to supplement with rental income - either getting a roommate in a SFH or acquiring a multi unit property.

Even with a live-in hack, the money you're paying in is (a) Building your equity in the home, and, (b) If you're renovating while living in, you'll get the tax benefits, as well as the force appreciation, more equity for you.Eventually you can rent it out for a stable cash flow and refinance on the original home to utilize for your next property.Or, you can always entertain the idea of a MFH (less than four units) - you live in one, and use the potential income to supplement qualifying for a mortgage.These are very loosely-given suggestions, and your due-diligence is of the utmost importance.

Is this a one off thing for them, or are they looking to supplement their monthly income from the interest payments you're making them.

I plan on doing a buy-improve-hold strategy to build equity and passive income to supplement my military pension in 8 years. 

However, he still wants to hold on to that property so that he can rent it out and create residual income to supplement his current income.