When you are healthy in shape and your entire team is just fit, strong, athletic, you demand respect from everyone around you.

I was sought after in my area by many over the years due to being a top producer.  

I'm on day 2 of my 45 day period to identify a replacement property.I've sold two residential properties in Boise, Idaho and I've got a 3rd that is under contract, for a total liquid cash amount of about $550k.I've also got the capability to sell more of my portfolio (about 2.5 million all cash.)Right now my overall goal is to reduce the headache and issues of dealing with property management companies who are constantly ripping me off and also just the hassle of having 13+ properties with pretty low cap rates.My goal is to just produce cash flow as I'm already kind of retired and I just want to focus on my online business, not constantly dealing with real estate.

I would say just make sure you buy a property that produces positive cash flow, just in case.

Does the property produce enough cashflow to take on the risk?

A leveraged multifamily bought well by a knowledgeable investor , operated well by an experienced manager, and located well in a growing market could produce a return like that.With a 3 year time frame, and assuming zero experience, I would spend the first year educating myself about multifamily, the second year identifying a market and building a team, and the third year identifying and closing on property - roughly speaking.

I've been told it makes sense to own income producing properties in the form of an LLC for liability reasons.

I have trucks/tools/supplies etc that I have been including as expenses on my contracting business in the past, but considering that I don’t expect to be reporting any business income, if I filed taxes the way I have been I don’t think the IRS would see my business as operating to produce a profit. 

Ultimately, I want to become financially free with cash flow produced by my assets.

@Julie Hill If you still receive a sizeable cash flow that covers the expenses and gives a healthy NOI and rate-of-return, I say stay in your tolerance level.