While it's certainly a risky move to gamble with your retirement, it is an option. 

LISTS Primary Lists Equity owner i.30-100% equityii.owned 4 years or longeriii.SFR1.no apts, condos, land, MH, MF, etciv.1-3 bedrooms1.this is where they buyers buysv.Home values that are less than the median sales price in areavi.Exclude corps and trusts1.harder to deal with2.more sophisticated3.won’t get as good as deal typicallyvii.Absentee owner1.out of state – 1st best2.in state, but out of city – 2nd best3.in city – 4th4.everybody markets to them5.1st call pretty fastviii.Owner occupied1.65 years or older – 3rda.owned for 15 years or longeri.most likely deferred maintenanceb.do not use home as a retirement vehiclei.will want to be movingii.kids have moved outiii.neighborhoods have changediv.need a care facility2.everybody else – 5th3.not getting bombarded4.1st call a little slower because they don’t’ get touched as much Market for 90 days, every 3 weeks if you can i.Shorter than 3 weeks is too fastii.More than 6 weeks is too long You absolutely must have bought a house after getting 90 calls i.If not, your list must be faulty Sub-lists Obituary notice i.Not a probateii.Not inheritediii.Might be a trust Probates i.Has to have real estate attached Inherited i.Didn’t go through probateii.More than likely a quick claim deed, special warranty deed Unlawful detainers(evictions) i.Court action by landlord against tenant Divorcees i.Has to have property involved Pre-foreclosures i.Period of time that lender has lender has to change ownership of propertyii.Lis pendensiii.notice of default1.judicial or non-judicialiv.most don’t market to trustees because it happens so fast Mortgage lates i.30, 60, 90, 120ii.behind but not in foreclosureiii.30 days is too short to market too…could get caught up on paymentiv.60, 90 days is better to market to Expired listings i.Setup as a hot list FSBO/FRBO i.Put in yard or websitesii.Call the phone number on signiii.Send mail if you are getting a subscribed listiv.This is a hot callv.Set appointments to buy, not sell1.it is important that all the decision makers are there when I come to buy your house.

I'm actually delaying retirement until my dog dies. 

Some of my goals are to be my mom's and special needs sister's living/retirement fund, and in several years build a real estate business that can give 1million a year to various charities and nonprofits.

For funding your rehab project you could do some or all of the following: use your personal cash reserves, cash out from a refinance, equity access from a HELOC, construction loans (probably not enough value there for a lender), personal lines of credit, credit cards, money from retirement investment accounts, private money, hard money, or if your lucky maybe your PM company will flip the bill and you just pay them back from rent checks.

Since I will be retiring within the next 2-3 years I am looking forward to being able to do this fulltime, but as of now I will start on a part-time basis. 

I have a seven year old, so she'd be attending elementary, middle and high school (I'm retiring and planning on sticking around.)  

My long term goal is to acquire enough cash flowing properties to retire comfortably.   

@Trevor Fleck I went with Rent to Retirement Turnkey Provider.

Currently own over 100 units and another owner who works with my property manager wants to retire and is willing to get creative with te financing because of my relationship with te manager.