Since California seems to require far to deep of pockets than what I currently have, I have been looking into Phoenix, AZ.Another reason I have been looking there other than the cost of housing there, is that my parents are looking to retire in that area.

Lots of people are doing self-directed retirement accounts these days and they'd love to have someone like you come along and show them a deal needing their money.Just remember there *IS* a "right" way to approach private lenders.

I was told by a previous mentor ( in the mutual funds/insurance/retirement planning field) that...People prefer an interested introvert than an interesting extrovert.

Given he has 500K in cash,He is retired, and has no other incomeHow would one's situation be able to roll forward given such condition?

Secondly and maybe most importantly open an account and start saving for your retirement if you haven’t already.

My goal for real estate investing is to become financially independent by the time I retire from the Air Force so that I don't have to work for anyone else.

My mother is retired and has ok credit (~700). 

My in-laws already have several other rent houses on the property.The property is not going to be sold (it is needed retirement income for my in-laws) and my wife is the heir.In addition to rent payments, we would also cover paying property taxes on the improvements we have made, and bear 50% of the costs for maintenance/repair of shared use facilities (electric gate, road maintenance, etc.)Can you explain how leasing for $1 per year and splitting profits through a partnership would be preferred to essentially splitting profits as a form of rent payment?

@Tim LindstromTo learn more about the prohibited transaction rules, see the following. https://www.irs.gov/retirement-plans/plan-particip...https://www.irs.gov/retirement-plans/retirement-pl...

Im retired with my pension and rental income I gross just over 107k yearly.