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.

@Brent Coombs  good points in my BRRR days when I was HML to CA buyers who were then BRRR and taking 10 to 20k cash out refis in 90 days of owning the home and retiring my HML ( loved it from my perspective LOL)  the investors would get this money and you would think they would pop It into their reserve accounts.. but I suspect many a boat... .exotic travel they they deserved, new car, clothes Jewerly etc etc was purchase with these funds... lack of reserves kills investors... this is a classic example

But because of real estate I am totally free and retired.