And again.This sounds like a deal I would do if I were your age BUT I would have done the deal at a cheaper price and do it with more units.

Whether it would be the better plan for them or not over the long term would be something to discuss.Since they are over age 59 1/2, they should be able to move any tax-deferred IRA or 401(k) type savings into such a plan via rollover, including from their current employer plan. 

If I was your age making what I did then with todays rates I'd be very aggressive.I have friends that have become chambermaids for their AIRNB's & complain that its a lot of work & a couple of them have had to deal with serious damages. 

@Chandra Mcculloch I started in the business as a small remodeling contractor in 1997 so I completely understand where you’re coming from especially with homeowners in the age of HGTV.

and I built another spec late 80s there that I sold for just under 750 and that would be worth at least 4 today.. so you take all the folks my age and older who bought in those areas and lived there their whole life and you can see the massive transfer of wealth that is happening when they pass.  

@Sammy Weinstein59 1/2 is the "early retirement" age you can begin withdrawing 401k money, penalty free.401k withdrawls are considered ordinary income and a taxable event in the year you withdraw the money, due by April 15 of the following year. 

Imagine a site where you can show population trends, job growth, age of workforce, etc. on a singular map and narrow down to census tracts that you want to invest in.

The answer to this is the age old - "If the numbers make sense- what are you waiting for?"

I can't remember how many real estate agents turned me down based on my age ( I was 22) but the first agent to work with me got 5 deals in the first 2 years.  

Waddles wrote that getting rich was an  exact science and that if you do the things he says, it is as certain as a mathematical equation that you will become rich regardless of age, sex, race, background, etc.