We are excited to be in the Lowcountry and can't wait to experience nice weather year around.I have recently retired from my previous job and am thinking about getting into Real Estate full time.

I can help you in the Ruskin/Sun City Center area.Feel free to pm me and we can talk.Bill 

@Eric Sato My experience in that area suggests that Mid-term rentals (travelling nurses) may be the next best option.

Does anyone here have experience in that?

The average age of the number 1 single family home owner is greater than 2010 and less than 15 years old and they are now building homes new construction and owning them. the exact opposite of your strategy. older homes are the cheaper ones and unless you have experience I'd build in columbus close to downtown. same reason Toledo and Cleveland don't move the needle and there aren't 100 institutions in those markets. columbus is barely on the radar. 

I don't have personal experience with this kind of land trust but since you're in CO I have a personal recommendation of a real estate attorney here in CO who has helped me with seller finance deals and is very responsive and has been great to work with in general - Jeromy Geraghty - https://www.geraghtylawoffice.com/

3) There may be personal use of the property which would mean that you or your partner may not get tax benefits for the share of the unit where you are living in.For a successful partnership, the total partnership should have Experience, Money, Time.What skill set are you bringing and what is your partner bringing?

Additionally, with a 7% interest rate, I'm paying a significant amount in interest.On the other hand, if I save up for a down payment on a rental property, once I have enough to purchase the right property, it shouldn't require any additional money from me, and I'll be building equity without needing to contribute more.Does anyone have experience with this?

You may have neighbors willing to help now and then, but it's unlikely you'll find a neighbor willing to do this all the time, every time, for years.In my experience, most landlords lose far more money through self-management than they would by hiring a professional, even when they live close to the rental.

Hello All,I was wondering if any others have experience with owning a rental property that is an adult family home by renting out the rooms?