If so, waiting for an exit until post-retirement (i.e. banking on long-term appreciation) is a completely viable strategy.  

Retired and mobility impaired would have been a more accurate description.I don't think we'd take any legal action yet, but I will tell my sister to not enter the house if he isn't fully clothed.

I use a renewable short term CD that allows 50% daily withdrawals for Real Estate Investment Cash Reserves (Vacancy, Maintenance, and CapEx).Our W2 income goes toward paying down current personal debts (double payments for most), Retirement savings (401K's and IRA's), living expenses, and certain percentage for personal entertainment and vacations.  

I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?

The IRS website says ” An individual retirement arrangement, or IRA, is a personal savings plan that allows you to set aside money for retirement, while offering you tax advantages.

Another investor looking for a portfolio of good performing properties that has a self direct IRA may buy it for a retirement vehicle at retail pricing.  

She is 62 years old, so possibly close to retirement age too. 

I was able to go to pilot training and retired a LtCol in the USAF.  

Friends and Family 2. equity partner but it does not seem like you wnat one of those and it would be far more expensive than the short term loan you have already line up.3. cross collateral.. with some of your other assets.4. advance on your retirement accounts if you have that ability.5. sell your securities.6. have some subs help you on this and pay them a bonus when you refi.. ( although again your smokin deal on the second loan is probably the cheapest).

We got enamored by the FI/RE philosophy (Financial Independence / Retire Early) a few years ago and have committed to investing some 75% of our net income into the stock market.