My thoughts on inheriting bricks and sticks are a tad contrarian:  Do your children want to be in this business? 

Additionally, house hacking isn’t an option as I have 3 young children. 

I am weary of trading my time for money and wish to be more present for my children while building generational wealth.

It's also good for insurance and legal reasons, because you will need to indicate every adult and all persons, as well as details (like children, pets, etc.), on the lease.  

I have an attorney in Illinois (Sottile and Barile) who we use that might be able to provide some assistance on this as it could get complex in regards to the situation - especially if any of the current deed holders have children involved.

They're like children that provoke for attention.

My mother used the program after an unforeseen divorce, which left her penniless with 4 children.

They have helped over 100 people in the past 12 years restore their lives, and reclaim children from foster care, rebuild families, and return to the job market. 

So, now a tenant with SIX children in the home is arrested and charged with 3 counts for rape of a child. 

Between a demanding FT job (that I enjoy,) a wife who also works FT, and two young children, I have no real desire to "all in" to real estate as a FT career at this point in my life.