I am curious to see if there any other users who are around my age and also getting prepared to invest in real estate.

Average age for the area I'm looking is 36, so depending on where you are, those people could have no kids or 7 kids by that age haha

Also, for someone who is already 90 years of age, why assume a 20 year life estate?

I love land scaping so the out doors work, and I want to be fincailly stable when I get older not even just retirement age but in 10 years or so.

My tenants are usually between the ages of 24 to 36.

I am just finishing up my Christmas rounds, with small gifts (Costco gift baskets or movie tickets this year, depending on the age of the tenant); it give an opportunity to build and maintain links.

Use arm's length lease-option documents along with the counsel of qualified professionals.To charge above market rent is asking for trouble, with both the IRS and when the tenant applies for the mortgage with the mortgage company.What the CFPB thinks is another matter.What I recommend is a. charge market rentb. 12 month leasec. give a ROFR or right of first refusal (Purchaser desires to obtain a right of first refusal or first option to purchase certain real estate owned by seller and seller agrees to grant purchaser the exclusive and irrevocable right of first refusal and first option to purchase.)d. get tenant to bank to save for a down payment in a savings account (serves as verification of down payment saved)e. get tenant to enroll in credit improvement (I recommend www.upgradmycredit.com )f. use a collection company (I recommend www.notecollection.com ) to assist the tenant in VOR Verification of rents.

Age old advise; OP, consult a local attorney.

We're about the same age and I live in Cincinnati. 

I think selections should be made based on the particulars of the house, i.e. style, age, lighting, layout, etc.