Purchase price: $167,000 Cash invested: $25,000 Contributors: Michael Sgandurra This was a value-add BRRRR deal next to Nationwide Children's Hospital. 5-bed rooms and 1.5 baths.

Our children are at $100 and $63/month passive income on the homes that will eventually be their first rental properties!

I began by wanting 5 residential units so each of my children could have one and then there would be one for me to retire on.

House hacking with two children can be tougher than expected because you will always need to take a larger or the largest unit which will reduce your cash flow on the property even more.

BUT we aren't alleging either that we have 38 children, that we're both half Native American, or that one of us served in a war that ended before either of us were born.

But, i do have a couple of LLC's, mainly for transferring property to children or spouse when I drop dead. 

That's a factor to consider if you have children and want them to be in a good school district.  

fyi, one of my children (also in Indiana) had a very good experience with a VA loan through Veterans United.If you can find a tenant who wants to be rural and have space but doesn't have a down payment or for some other reason doesn't want to buy or can't buy, that person could be an excellent fit for your situation. 

Raised the 25% down payment through a partnership with family members (my parents and my two oldest children).

Some Digital nomads/remote workers/children back to school and office. 9.