Make sure that any enhancements you do are in-line with other properties of a similar type.

Ideally a main property collecting vacation rental income and live in a small one bedroom on the property...only real benefit here could be a lifestyle change for me personally.

You'll see exactly what it takes to "wholesale" a property and decide if that lifestyle is right for you.

I have an investor that I am working with (and teaching) who started at 89 years of age.Most the "late bloomers" as you call them have already had the discipline and the structure of a job and profession and are looking to transition to a different lifestyle.

Most have made tremendous sacrifices in life-style and time to acquire those assets.Good luck however you and partners decide to move ahead.

Rick, when you get a chance check out Lifestyles Unlimited.com, is a great mentoring/realty group, they find exactly those types of properties.

People get used to the lifestyle they're living.

Definitely Lifestyle and time for my FAMILY is my BIG WHY. 

Sure beats needing to do evictions when tenants recognize that living in our properties is not a good match for their lifestyle and leave without incident.

Since my long term goal is to have enough cash flow to pay bills and the lifestyle I choose, I decided that maybe selling wouldn't be in my best interest.