Plus Social Security (though when I do our retirement calculations I pretend like that’s not gonna happen….because you know….it probably won’t).

My thoughts are to provide the legwork, my website and social media accounts, and the partner would provide the funds for the campaign.I would then be responsible for executing the campaign (direct mail, online advertising, etc.).

Nothing around us in Mission Viejo would be  good. 

An example of a transaction in Buffalo, NY$62,500 purchase price.Rent collects $1600/monthTenants pay all utilitiesI have a lender than can do a 5.99% loan to non-residents, but that is if you can get a Social Security Number.

Pensions, social security, and other old fashion benefits are going away. 

I'd look and buy what I wanted, I may not get a mortgage, I might borrow from my investment portfolio, my banker will lend me the cash against my bond account.I don't need to try out my neighborhood, my social contacts have already informed me about the area.

Additionally, you are the common link between all roomers - each has a lease with you and no {social} contract with one another - and, as a consequence, you will be sucked into more roommate issues;3) You will want to bake the use of a cleaning service into your budgeting numbers ... where the kitchen, bathrooms, laundry, living room, etc are common spaces, it is quite likely no-one will clean them properly;4) Our experience has been that a rooming house works best if you, or someone you explicitly trust and/or who also has skin in the game, resides in the property.  

You can check their social media profiles to get a better sense of their character.

Has anyone used HomeAdNet to manage social media and listings?

See if you can purchase the HOA lien and then foreclose subject to the 1st, and HELOC. you may be able to skip trace the borrower and get their social sec (if you legally can), pull there credit and see the balances.. is the HELOC has a 250 max, you know where that is unless it's in default.Check to makes sure there aren't any senior liens, or "super liens" like property tax.Also, evaluate the BK risk