Aside from 3-4 meetings per year with my financial adviser it will be truly passive for retirement.You can not retire as long as you are operating any form of business, esspically real estate investing.

Social Security/Pension Awards Letter (if applicable) W2s and 1099s - Last 2 Years Personal Tax Returns - Last 2 Years Business Tax Returns - Last 2 Years with the K-1’s (if applicable) Bank Statements – Most recent 2 Months for all checking/savings/stock accounts (all pages) Bank Statements – Most recent Quarterly statement for all retirement accounts (all pages) For all properties owned (if applicable): Need most recent Mortgage Statement Need property tax bill (if property is located outside of the Bay Area) Need Homeowner's Insurance declaration page – showing annual premium Need documentation to show the HOA dues (if applicable) Need current lease(s) (if acquired within the last 2 years) Driver's License – a pic with your smartphone works great Divorce Decree (if applicable) Previous employment history covering the 2 most recent years Company/Position/Start Date/End Date Previous residence history covering the 2 most recent years Address/Start Date/End Date/Rent Amount

(One example was CT Retirement Colony LLC being Connecticut Retirement Community LLC and Connecticut Retirement Colony LLC)  This can definitely bring the detective in me!

I am very hands on and have built a lot of wealth because of that, plus I want a new career once I retire from the IT sector after 25 to 30 years with two pensions.   

I would like to eventually be able to retire off of rentals we have a ton on money coming in that is all savable as of now due to some lucky cercumstances so I just want the first property we live in to be paid off that way worst case senerio me and my sweetheart can still keep this pace of saving up. really just trying to build a really solid rock if seen some really nice duplexes past 78th in west allis for like 150k.If we end up buying somthing at that price for times sake we probably will just put a massive down payment on it like 100k or somthing.The other think we are thinking of doing is buying a condo cash in German town or tosa then when we save up enough from living frugally sell it use the combined cash to buy a duplex in shore wood or tosa.

I was facing a shortfall in my retirement plans as a result of this change that I needed to make up.

They are all retired and live in Montana and none of them want to be landlords, but they love getting those checks in the mail every month.

People often use them either for or to supplement retirement. - people often use these loans for holding cash used to invest.

If so, as long as those 2 rental properties are cash flowing after all expenses, then I guess it makes sense. 2 rentals won't generate enough passive income for you to retire on though..

It is the owners retirement basically, and the tenants are his longtime friends and he knows we would kick them out immediately.