I would compare it to having a child (but I wouldn't know, don't have any) the process is awful and you're going to doubt yourself, you'll wish you could go back but right when you think it can't get any worse they pull it out and hand you your profit check.

We got together when I was 18 and she was 19 and spent our money freely and never budgeted for several years until we decided we wanted to settle down, start a family and start planning for our future.I was able through persistence and luck to secure a lucrative job in the oil field around the time our first child was born.

She also gets $1300/month in child support.

Look into Series-LLC if available to you, so you can create a child LLC whenever you need one. 

Some admit they 'worked off the books' to avoid child support, others just had no clue how to take advantage of the many tax deferral plans or appreciate the advantage of Social security later in life as most have nothing saved. 

If, for whatever reason, the property gets foreclosed on is the child going to have repercussions? 

Moved after four years to buy a single-family house before having our first child.

I have my kids do work on the rentals with me.  Two are now 18+. I am learning that they need a 1099 for work completed in 2019.  Are there any hints on how to go about this?  The IRS instruction page was 13 pages in ...

But I have to take some kind of action now, or I'm going to be stuck with a mountain of student debt and child care costs that are as much as a second mortgage (without the rental income!).  

Here’s the secret ....You have all your tenants on a month to month lease . when you show up and see Fido the super hero service dog . ..You tell the tenant to lose the mutt ...When they go on a tirade about how they We’re mistreated as a child  ..have ptsd and got a certificate for their “ service” dog ,I just hand them a no renewal paper telling them to be out in 30 days .they can go live with Fido under a bridge somewhere eating out of the same can of dog food as far as I’m concerned