I will of course use only some of this 50K for IRA, if I end up doing so.Yes, I heard about Roth IRA, I heard about them being used for mortgage payments.Thank you for your pointers on performing notes, I will contact @Dave Van Horn and PPR Note Co.

Most times I can contact the tenant and work out a "cash for keys" situation and everybody wins.After closing I call the tenant.

Then you will need to contact a freight company, actually many.

However, this area is rapidly building up and offers strong economic growth, so it's conceivable that we can exit with worthwhile profit.A friend has suggested we contact a few local commercial real estate brokers to get some estimates.

Hi Kimberly,Thanks for your reply.I indeed need to investigate it further, but first I'm checking if there's any potential business out there for me since I don't know if this initiative will work.There is indeed a big enough market of Airbnb properties in my area, I just need to find out how to contact them and explain to them why it's worth using my management service rather than self-managing.

I will PM you her contact info.

So, I do not like to use a land contract.Just contact a local real estate attorney and they will be able to help you. 

I was contacted by a potential seller, him and his wife are still on the deed of a duplex.

I wont look at them and wont answer them :)  unless its one of my very close contacts..

Contact some local investors and property managers and pick their brain to see what strategies and price points are profitable so by the time you are financially able to make a move, you will hopefully already have a few properties to pull the trigger on