It won't be a permanent supplement to a lack of income to service the mortgage debt.  

We have 11 units in #DFW and hoping to start to do Property Management for other investors in the area to help supplement our cashflow and scale our business. 

I see this as a supplemental niche strategy.

I am now thinking of getting my RE license to help supplement my marketing because I friends and family know I know what I am talking about so they ask me questions and then go buy from a realtor.

The competition has been growing rapidly for the REO's so I am going to supplement with direct mail again.

I use Excel pretty much exclusively but am getting the need for some supplemental software to keep track of Business Cards, Invoices, PM Reports, Receipts, etc...

You can increase the liability coverage on your regular homeowners insurance and also get a supplemental 'umbrella' policy, with can increase the liability limits further.

Also, would anyone recommend creating a website to supplement the above?

But one of the individuals is retiring next year and would like to supplement lost income.

That's $2600 per month, or $31,200 per year, and my initial total investment was only 100k.I'm 37 y/o and I can't see how option B isn't significantly better than option A... when I retire I will own four properties that each bring in significant rental income, and during that process I will be bringing in supplemental income from rentals.Perhaps I am missing something and that is why I am here.