[I've been inspired by an old friend of mine whose now accumulated 3 units, starting with a place he got a few years back for $120k in Jersey City that now rents for over $1200/mo.. and has appreciated 50%+]Longer term, I want to build a network of local people with varied skills and to employ some of my underemployed friends in a variety of value generative ways.

.-  Family friendly and decent schools- Within 1 hour of a really good children's hospital and an even closer decent ER.- Within 1 hour of an airport- Low taxes!! 

When our children got older and began to scatter across the country, we decided to rent it out weekly as a vacation condo since we weren't using it as much.

This has given me inspiration to keep going.

You did not mention anything about having a spouse or any children and my answers assume you do not have any. 

Our overall goals are to have a bunch of free time to be able to travel, and also start building up wealth for our 4 children.

He is a widower and has his own two sons in college, so I wouldn't want to use his money for my children's college educationI have some unclear financial matters with this rental plan and need some advice.1.

He is no longer on the lease and the children are young.

Inspire real estate!

Hi @Brian Adams, thanks for your inspiration and sending me your story, it is inspiring and would be interested in learning more from you.