Tenants for 200k plus house has higher and more stable income, but they seems to eventually get a house right after their first lease expire. 

They own a couple vacant lots in the City and have wanted to develop a cottage community for retired folks.

Here is the situation I am buying rentals where Iam the property owner manager and He has been the Owner/Manager and wants out of them he's retiring and wants to move, travel and such.

I much prefer more financially stable tenants. 

I've told this story before, but I did run across one listing where the agent basically admitted that his client only had the property listed (at an inflated price) to appease his wife, who wanted him to retire.

It doesn't make much cash flow sense but the people that are buying them are thinking that it will be easy to rent to good tenants and will be easy to manage so they will add their own labor and money in repairs over the years and then in 30 years, around retirement time, they have a fully paid off building that tenants bought for them that they can either live off the rents or sell for retirement.  

My name is Kevin and I am very interested in flipping houses.To start, I should probably say I am in the military and not really in the position to start flipping immediately, but my wife and I are very interested in making it our career when I retire in a few years. 

I was going to suggest looking for a Fannie Mae Homepath property which had options for lower downpayments, but it appears that they are retiring that program.

I don't have a retirement account and don't want to have to open one in order to receive the funds.

I have been reading BiggerPockets for several years now but recently decided to jump in feet first.I am not a complete novice to Real Estate investing but I have a very long way to go in order to fulfill my dreams of giving my family the long term income and security they deserve.I firmly believe that Real Estate along with a balanced portfolio of retirement accounts is the only way to go.Real Estate has always been a passion of mine, to learn my craft and acquire as many income producing properties as possible.As of recent and what really got me into high gear is that my first baby (girl) was born 8 months ago and I want to provide for her future unlike mine.Now I have this new hunger, direction and priority in life and have decided to commit myself 100%I know this is going to be a long process and am very ambitious and having a newborn is a powerful motivator to learn and create wealth for my wife and baby.A little background on me…I am married and have a 8 month old baby girl.