Hard money might be an option to supplement, but the deal needs to cash flow enough to cover the debt service. 

I currently work full-time in the medical field for the past 20 years which limits my time.My goal is to move to the Tampa Bay area to be closer to family and get away from winter with REI being full time or supplement my income.

I worked several side jobs to supplement my writing income, paid my half of our college-age children’s tuition and medical expenses, bought a Yaris, and lived frugally.

.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage)  When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it. 

in my opinion, I would give her a dollar amount and tell her whatever place she wants is her business. if she wants to kick in an extra $20, her business. also suggest she try to get compensation from renters insurance, and you can supplement any difference, up to a certain amount if you feel inclined.

From what I remember of 4 hour work week he got into the supplement business for passive income.

Our goal is to secure properties (amount tbd) to help supplement our retirement.

Interest income funds using dividends to supplement her income.....

I am looking to start investing in real estate to supplement my income, pay off my student loans, and eventually develop a substantial "passive" income stream.

I absolutely love volunteer opportunities for this reason.Do you have any talents like photography or another skill that you can hone to supplement your income while you work these other means?