I am nearing retirement age, and unfortunately, I have no retirement savings.

In my context, I am saving money for my first real estate deal and it is hard to know if I can absorb the negative impact of a failure without the long-lasting effects.

We have been saving what we can and educating ourselves in order to make the best financial decision but we are torn because...

I am about three years away from paying off my primary residence through a savings plan of money I'm making from my job/side hustles. 

.- makes 120k, saves 5k clean a month, currently has 18k saved. - cashflow - 2 houses rented, overall cashflowing $1500 extra per month (2 mortgage and expenses all paid from it)- debt: 19k student loan at 6.5%, car loan 25k at 2%, 2 mortgages 108k at 3.5% and 314k at 4.5%. 15k credit card debt at...19%Basically has 15-20k cash atm and 5k coming in monthly, so could either wait, pay off all debt or buy another property.Big on Jersey City, and potentially looking at areas like Palm springs / Miami for a vacation/investment property.

@Blake Edwards - I just keep my tenant's security deposits in a savings account. 

This same accountant saved me $80k in refilling some past year returns.

If you were able to rent out each room, live for free and even make money each month you could save that money for a down payment on another house and then do the same thing.

Or should we leave it all in a separate savings account for emergencies?

Get some recommendations for a Surveyor in your area, get a few quotes for comfort if needed then resolved the issue.