Tell your son to study finance and law so he can get the same job as you but start 5 years earlier with a higher salary.

He maintains everything including mowing and he is tired of it and just wants to sell the place.  

@Raechelle CarrollRead and study but don't let it bog you down.  

I've done Austin seasonality studies in the past and found about a 4% pricing difference from Winter to late Spring (trough to peak).

According to a recent study done by Trulia, they stated that Colorado Springs is the fastest growing city for millennials.

He happened to be at a time in his career that he was not interested in growing but maintaining his accumulated wealth and enjoyed being a realtor.

I wouldn't bother with the LLC, although in MI they are pretty cheap to get and maintain.

I have been studying for about 6 months.

@Stephanie Minor yes, I plan on getting a FHA loan for my first property, I'm looking towards a 4-plex but am hesitant in pulling the trigger due to the extra landlord-y responsibilities that would be involved in maintaining the units and tenants.

I would love to visit with you about your investment goals, even if it's just to talk about the local market.Also, I have an investor friend who currently lives in Dubai, but he maintains a residence and invests here in Dallas.