It is great that your motivating factor is understanding that in order to retire without living "below your means" involves action and investing your time and effort into REI.After reading several books, listening to numerous podcasts on youtube, and doing my own "calculations," I came up with the same conclusion for myself.

Since the time of my initial post, I have found some options for financing, but if anyone has additional suggestions, I welcome them.Again, thanks for your comments; even if I don’t reach the same conclusions, I value the perspective.

I drew the conclusion that if the tenant is fighting the rooster, he is likely also fighting the dogs.

So....in conclusion...I figure we reach out to each other and we can cross venture by utilizing each others presence in our respected states.

The more we all know, both pros and cons, would better aid in each of us coming up with our own conclusions and future decisi

In conclusion, flipping real estate is something you can do on the side while keeping your day job and wait until your income is replaced before you cut umbilical cord!

I came to the conclusion that there isn't a viable market at the present time for this kind of service at the present time in my area.

Unconventional advice but focus on making money first before thinking through every tax implication and planning scenario, you and your father in law will never draw the same conclusion which is perfectly acceptable. 

Most will try to work with you if there's a good faith effort and some reasonable path to a successful conclusion.

I've come to the conclusion that I'd rather have empty properties than to place a tenant I wasn't confident about.