The idea is to provide them with a steady passive income in their retirement. 

I second Chris in inquiring as to why the Architect won’t supply the revised plumbing drawings.

The cleaner can just let you know when it's time to restock supplies. 

Not sure if the washer and dryer you are supplying are coin operated or free, but mine are coin operatedTenants pay for the utilities and it has been zero issue because I do not allow it to be an issue.  

Could be yours or seek out new businesses- chiro, dentist, legal, medical supply, anything that fits the zoning, location, price point and building configuration.3.  

When you are just starting out, all you need is good insurance and stable and steady enough income to not worry about defaulting.

The median sale price increased month over month breaking the trend of decreasing median sale price the past two months.The rental market continued to moderate in Q3 2024 thanks in part to the increase in units being built. 1,815 units were completed in the year ending with Q3 2024 with 1,447 expected to be completed in the next four quarters.These new units brought online in the past year increased the overall inventory by 3.4%, however by Q3 2025 we anticipate demand to outpace supply by over 550 units.With this increase in units over the past year we have seen the occupancy rate moderate at 95.8%, down from the high of 98.9% in 2022.

Most of the people I see that are moving into Waco are out-of staters that have their own business or work from home so its not like there is a strong supply of decent paying jobs.  

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

If steady cash flow is a priority, option 3 adds resilience to your retirement.