I have seen a few make a ton with one locations but those are rare and not the norm.The dream in your mind might not match up to the reality in real life of how it will go.

What suggestions does this community have in regards on how to invest this money to start a life of semi passive income?

I have also been reading everything that I can get my hands on;  Rich Dad Poor Dad, Cash Flow Quadrant, Richest Man in Babylon, 10x rule, Set for Life and Long-Distance Real Estate Investing. 

I feel like I’ve made one of the biggest mistakes of my life right now.

According to the article below "borrowers will receive favorable pricing in exchange for limiting rent growth on 80% of the units in the property and keeping them at levels considered workforce housing for the life of the loan."

FYI our system will break even at 8.5 years and has a 30 year life (panel production will deteriorate slickly toward end of live but still above 80% of new production)

I've come across the website Eliotandme.com and see there MAY be a potential to make more money on my investment as opposed to renting out.If this website is accurate, I'd like to make my first investment property strictly an AirBnb property and in the event legislation changes or some other plan altering event occurs, I can revert back to my original plan and rent it out to tenants.

I am looking to provide a great life for my wife and our 1 soon to be 2 children.

There are numerous threads on this in BP.

In California, there is a 3 year life expectancy for paint.