To figure the expense of furnishing, you could use this rule of thumb: $10-15k for the unit itself (things like appliances, living room furniture) and $2-3k/bedroom.

Next to MGH, longwood, or Boston childrens in Boston, look where your competition is. 

Will your end buyers or tenants have children?? 

Furniture.

As compared to today, the former process was more like crafting a fine piece of handmade furniture, instead of buying something at Ikea. 

You should try renting the home out with furniture if you have the budget to do it.

I have been flipping homes for several years but would like to start involving and teaching my adult children on becoming a partner.

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee

There is a very good chance they will create bigger headaches in the future.Seriously, why can't they teach their children to not play with the windows?!?