So let’s say you invest $50,000 when you are 20, with an investment kicking off 8% interest, at 38 your investment will grow to $200,000, at 47 $400,000, at 56 $800,000, and 65 $1,600,000 (as long as you reinvest your initial investment’s returns).

For 30 years it’s been a never-ending supply of tenants who are almost never home and always pay on time.Why would I want to get out?

Pay your house off then only buy investment properties in cash. 

So instead of gifting me the property she is deciding to sell me the property for 100k which is what she owes plus interest and that would pay off the reverse mortgage.

You get the benefit of the homestead exemption plus having tenants paying some of the mortgage (if you can find a fairly priced property...not easy in south Florida!). 

My market is seasonal and I was begging for enough revenue just to cover my mortgage so I wouldn't have to pay my own rent AND a mortgage. 

I am targeting homeowners with dilapidated homes that need repair and offering to pay for the rehab and split the profits with them at the end of the project after the sale of the home. 

she cannot pay rent by herself.2.

But it's tough work and doesn't always pay off.I personally think the big profit is in new development or a project.So, I'm wondering: Is starting something new a better bet? 

And what rates are people paying?