Even if you a say $2000 in the red at the end of the year - thats okay, especially if you had the opportunity to enjoy the place yourself." 

I would even go so far as to ask them how they've enjoyed living there and inquire into any unresolved complaints they may have. 

I wish you the best of luck and enjoy this journey.

I hope your clients enjoy...and you too of course :) 

I hope to be a healthy and hip 65 year old, but why would I take that risk of delaying the enjoyment of life until I may possibly be too old to enjoy all it has to offer?

Steven, thanks enjoyed the post.

I would say do what you enjoy for your full time work and invest the money back into real estate.If you want to try out being a realtor but not 100% sure, you can always pick up the license, do it on the side next to your full time and see how you feel after a year.

I enjoy talking to like minded people.

.: Typology; price/discount compared to market prices; estimated price of renovations.2- Start building relationships with RE agentes and find at least one you trust.3- Consider property management. it might eat into your cashflow, but save you a lot of headaches to leave it to people who are more experienced.4- Don't forget to take someone like a contractor or a civil engineer to check on the building.5- Try to Find na accountant and lawer that understand RE law ( It's rare here in Portugal) but there are some.6- Don't Forget to HAVE FUN with the process because, if you don't enjoy it, you'll get tired!

He is also an investor and I think you'll enjoy working with him.