I'll have to take a look at any deferred capital improvements - from what I understand, it's an older gentleman who is getting out of the business to retire with his earnings.An interesting aside, there was a realtor involved at one point, and they had it for sale at $200k+.

I'm considering buying a condo & renting it out during my retirement as a source of income.I'd pay approx. $232,000 cash for the condo.  

I think you need to find a pain point for these types of landlords like high turnover or wanting to retire.

I know people want to retire through investing but as a real estate agent I don't see myself ever quitting real estate instead just adjusting my focus. 

@ Thomas N.I am a retired real estate investor now, but I sold some of mine off.

Then at this time she expects to take an early retirement and lump sum pension of $200k.

I want to build passive income so that I can retire at a time of my own choosing, tentatively 13 years hence. 

Hello BP Community,I to move my retirement accounts into a Solo 401K and I understand that you can not have full time employees and still qualify for the Solo 401K, so I have a couple of questions about this.

His carriage and demeanor make me apprehensive and when I had the chance to meet him and asked questions about income / profession he was a touch evasive and contradicted himself (mentioning an engineering career, then being retired, then working in retail all in the same window).

But if you plan for retirement, you have other income and you don't mind to be in the negative for a while because your property is located in the area where it is more like then not that the property will appreciate greatly by the time you are ready for retirement (And yes, there are still places like this in the country...) then long term equity is more important....But then those are my thoughts. - I might be wrong.