@Davey DavanoskiYou don't really pay yourself.Flips are different, the profits go towards your income.Rental properties generate passive income, but if you're looking to retire from a day job it's not usually possible for the average person owning 1 or 2 properties.As an example let's say you have a target goal of $300 positive cash flow to consider an investment.

Hi Eli,I also have been contacted by sellers in a similar position.

You have gotten some good advice on this thread, but make sure to have your lawyer review and formally write up whatever agreement you and the seller come to.

I should have at least a little positive cash flow to start.

It's fine to ask for advice, but you have to put yourself in a position where you are confident when you see a good deal.

Review their management agreement.

I'm not in a position to execute currently but would like the option in the near future.

If that happens and your plan is slowed, you'll be in a safer position with the W-2 job.

Review their management agreement.

Those are part-time jobs which are very volatile and she could see her hours cut or her position eliminated at any time.