I am looking into a deal where the Owners are looking to retire and sell their 13 single family rental homes.

His reasoning was to achieve early retirement.

I saw many docs have to put off retirement then and again in 2008 because they were entirely dependent on the market for their retirement.

Currently I would need to make $150k a year in real estate to match my near term earning potential at my job (plus medical and retirement with a pension).

My father is retired and my brother and I would like be doing this full time in 5 years.

Hmmm I have a retired British doctor wanting to transfer his 100 million pounds to my bank account.

Right now I am contemplating moving into SFR deals, simply because they produce more cash flow per unit and assuming I want to retire off my portfolio someday, I'll need less SFR's as opposed to condo's to reach my income goals.

I am looking to hold properties to create monthly income on top if my pension when I retire in a few years.

If you were to net $400K after selling your condo, you could earn about $16,000 - $20,000 a year.If you want to sell your condo and live off the proceeds, you should apply the retirement planning guideline of taking 4-5% of your money out each year.

I spend and have spent quite a lot of time in the US and think that we may want to spend part of our retirement in the USA (and Turkey - hence purchasing there) I have also owned a property in India (interesting experience) bought half on the black market - lost it in a divorce.