Having an adult son or daughter move back in after college or having your mother in law move in when she is old would be permissible, even if they agreed to pay you. 

We were planning to save a minimum of 70k before starting (I work as an executive recruiter and my wife a cardiac nurse, therefore raising capital can be done somewhat quickly.)But a lot of you are saying we should at least save 100k before getting into the multifamily market in FL?

I'm a single mom, still living with my own mother, and looking to strike out on my own officially and be financially independent.

Have you looked into single family homes with mother in law suites?

It is obviously much more complicated than that but you get the gist.I am a big proponent of HELOCs because you can use the money over and over again without having to ask a bank or someone else "mother may I".

She is working, I am currently not, but our total household income is 150 % of median in our area, 50 % of which (as of a month from now), will be disposable.We both love our careers: me an international lawyer, she a nurse...

TLDR: $750k house in best part of town on a $140k single person salary, with a $2500 mother-in-law suit and 2 extra airbnb rooms. 

Suppose a single mother with two small children wanted to rent it. 

I'm an active duty Navy Nurse in San Diego, CA and I'm interested in both real estate investing and making a career change to being a real estate agent, while using travel nursing as my primary income. 

In the past, I've infrequently purchased homes from people going into nursing homes, and have ran into situations like the owner only being able to sell it (for example) 70% of the homes value.