Since I am entering this field in the latter part of my life (63), I do not want 'long-term' investments as I am not interested in making millions, but having enough for the remainder of my life to 'Vive La Vida Loca'!

Kenny,As a lifelong real estate investor and a broker with over 30 years of experience specializing in multi-family properties, I can confidently say that success in this field is all about building relationships.

Search the BP for ADU appraisals to encounter numerous examples.

Of course it isn't going to work for everyone...then again, I also have many friends with degree's that cost them 6 digits that cannot get a job in their field!

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

I don't want to be fielding phone calls all day, everyday like last time around.

You have numerous funding options so pick your poison.

Right of recession:Buyer and Seller may rescind within 3 days of signing contract all all EM must be returned this is a blanket rescission.If Buyer or Seller never get the Disclosures and sign for them they can cancel right up until the day of closing with all EM returned. this should level the playing field keep bad actors at bey and give Buyers and Sellers some rights if they think they have been hood winked.

I've observed that many positions in this field require proficiency in Yardi.

Having 2-3 contractors in each field is important, as your preferred guy won't always be available.