Sounds fabulous, until you do the math and discover you need a
tax-clear income of $5700/month or more than $68,000/year -- after taxes! In the 25% tax bracket, your gross income should be in the neighbourhood of $90,000 annually.
So, after contributing to the govt plans for 50+ years in an upper-middle tax bracket, I receive approx $2,200 (taxable) every month for pension and "old age security." I also receive a modest pension for one job in my career where I actually qualified for the pension plan, and I also contributed regularly to an RSP for several decades because I was primarily self-employed).
On the debit side of the leger, I also had two sons, both of whom wanted further education. And later, I also had a divorce in which my pension's values were reduced by 50%.
Long story short(er), made a decent living, exercised diligence in preparing for my retirement, ran into not uncommon circumstances, and finally ended up with a retirement income that would be far above someone who did nothing in prep for his retirement...
... but neither can I afford a full-on retirement home, nor can I afford the "Holiday Inn" experience (as if I would ever live in a 300 sq. ft. domain-both back and front yard a parking lot-no shooting

).
Bottom line, "kudos," Bob, for thinking rationally (given such funds are available) and creatively. Sorry if I've turned a light-hearted post in to something else, but I'm sure, based on the demographic of the regular member on this forum, I'll also wager on the fact that there are many who are saying, "I wish it were that easy."
All that said, I'm still hoping to spend a week at your motel (home) sometime soon.
