Quoted from wtatumjr:SS is taxable but if you rely on it alone you will pay little tax. It's when you add other income like a 401k things can get worse.
I bought a resort property years ago and rented it out to pay for it. When I retired I moved to the beach property.
The one surprise for me is how little income I need in retirement as I owe nothing for housing or cars. So just because you might need $120k household income now you won't need anything near that in retirement- if you can stand not having that new car.
Where in Corolla are you? I've been considering buying a rental house in Duck.