HI BP just wanted to introduce myself Im new to investing looking to buy my first rentals I have been researching a few markets Memphis, Akron, Columbus, Dayton, Toledo ext. just ready to get my feet wet looking for cash flow to eventually supplement my retirement.

Huge difference for you if it's because this is a retirement town where rich people come to live in and raise the median vs. if it's a dead town that all the young people flee as soon as the can. 

He is out of state, retiring and wants to get rid of the property.  

If your future retirement is based on Buy & Hold, it is a risk factor.

So we've been trying to build our rental portfolio so that I can replace my income and retire, but it's slow going.   

What we're looking for is stability in retirement that won't come from a pension or employer-backed fund, so purchasing this home and holding it long term to create steady cash flow in 30 years, is appealing.

Normally it works by taking retirement and investment accounts, discounting them by 30% to 40% and then dividing by the amortization of the program.

If you are nearing retirement and just want the passive income from your existing rentals to fund your golden years, maybe it makes less sense.

I got Licensedin FL to buy a property in FL and because we want to retire to there within a couple yrs.Dwayne, I'd love to talk to you about Keller Williams Realty. 

Just something else to consider though - if he is retired, he will be home most of the day, whereas the younger guy will be away most of the day.