You certainly can edit a post; the "Edit" link is just to the left of your post, but it only allows an edit for a brief time (10 or 15 minutes); after that time it changes to an "Update" link where you can only supplement or explain the post.

I do not supplement my tenants rent out of my pocket.

I may not take it all, and if there is some thing that they can do, that I pay someone else to do, I may let them do that to supplement their income to pay the rent.  

This individual would have a more technical aptitude and potentially worth the additional cost.....or perhaps you supplement the budget approach with your aunt and an unbiased, inspector who will just provide the facts based on their experience.Just a thought and a different perspective.I have used the family approach in the past, and while all family is different and costs vary, I just found the discount wasn't worth the results.

Even if you don’t intend to make a career out of being a real estate agent, it can provide you with supplemental income.

Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.

If you are looking for a couple thousand dollars per month to supplement your social security and any other retirement savings you have, that is totally doable.  

Hello BiggerPockets community,My wife and I have a combined W-2 income of approximately $550K, supplemented by $100K in stock grants annually.

I am certainly not a tax expert, but fwiw, I just looked at my closing statement from the purchase of a Brooklyn multi-fam and as purchaser, I paid the following taxes:Transfer Tax Additional Transfer(mansion)taxTransfer Tax Supplemental NYC(mansion)taxMortgage Tax 1st mortgage

Disclosure - I’m “just a landlord” … but willing to chime in….the first question is - was this supplemental payment documented in writing?