My medium term goal is In 8-10 years create a passive cash flow of about 2500 dollars a month to supplement my retirement pension.

As baby boomers are retiring and I see greater need of these facilities.

My goal is to make $5,000 a month by the time I retire in 8 years.

You probably won’t retire after your first mobile home deal, but there may be profits to be made.

Some people want extra income for retirement, to fund religious missions, control over their investments, tax advantages, freedom from their job, funding for their kids’ future, etc.

My personal goal is for an early retirement and to have some additional income to help support a more relaxed lifestyle in the future.

Using hard money or tapping into our retirement.

I have a 85+yo tenant on the top floor ; been there since he retired,   and another 70+yo retiree on the 2nd floor.     

My goal however is to not solely buy and sell houses but to invest in properties for passive income into retirement.

Buy in more recession proof corridors of the United States less dependent on one or two major industries, or with a large government base, or with a retirement or tourist community.Disadvantages of Buying Out-of-State-Multiple tax filings, deadlines and other local taxes due.