Not sure if you are based in the US. 401K is a US specific retirement savings program with tax benefits.

These, along with a desire to diversify retirement savings away from the standard investment vehicles, are the foundation for my interest in real estate. 

The house itself was very well taken care of by a retiring couple and didn't need major repairs. 

They are retired and on Social Security, so I do not want them to be responsible for a mortgage payment.I'm looking for a strategy that will allow me to combine the need to get my parents in a new living space where they do not have to pay much on a mortgage with my desire to invest in St.

"Loans Secured by Financial AssetsWhen a borrower uses his or her financial assets—life insurance policies, 401(k) accounts, individual retirement accounts, certificates of deposit, stocks, bonds, etc.

Calculation#3 Step 1: If I know I can easily get 8% on my money when I retire and slow things down a bit, and my target retirement income is $18,200/ month.

That's what you implied.You're right, getting $100 a month isn't real exciting, no one is retiring on that.

I had a really tough decision between Retirement by Jeff Brown who I have admired for years and the Mobile Homes by John Fedro which I just recently got more interested in.

My favorite line right now is, "if I could get anywhere close to what the book says when I sell them-I would be so rich that I would be retired in Jamaica right now and we would NOT be having this conversation!"

At 7 years the properties were paid for and I was making more money in a day (annualized) than I did in a month when I was employed and retiring much earlier than most even consider.