For years, I knew that I did not want to stay in the Northeast but up until now I haven't felt like I was ready or had a good excuse to take the plunge and move.I have been reducing the amount of "stuff" in my life for years to the point where I can now fit everything that I own in (or on) my 2011 Honda Fit.I have paid off all of my debt, have over 6 months of my current spending in cash, and have a current NW around $282k with $120k of that in a taxable account.I have a stable job as a Data Analyst that I have been working remote with since the pandemic hit.I am single with no children or pets (but do have 2 small house plants)I love walking, cycling, mountain biking, snowboarding, kayaking, hiking... basically all things active and outdoors.I like to reduce the amount of my personal consumption and focus on the important things in life such as my relationships, health, and finances.I am that guy in the neighborhood that always walks or bikes everywhere although I have a great car parked in the driveway.Anyway, a good friend of mine asked what I thought about moving out west with him.

He said LLC's cause a serious problem when you want to transfer properties to a spouse, when transferring to children and when you pass away and your relatives inherit your properties.What the problem is; when you transfer properties, at least in California, to a spouse there are no capital gains taxes to pay, but when the property is in an LLC the property is no longer personal property.

Continue saving in a taxable account and contribute to your children's education plan (if applicable)In general, us in the FIRE community believe in growing your savings rate (the gap between your income and expenses) to 50% or more.

We have 6 kids and realestate to me is the way I have been dreaming of providing for my wife and I into retirement and my children after we are gone.

He stated none of his children want the property, therefore he would like to just sell it.

My typical guest is a set of grandparents, adult children and a set of kids, all of whom want to visit the Space Coast in general and the beaches in particular. 

I would like to rent my house and we would live in his (plus children from previous relationships).

We moved out-of-state (from Maryland to Colorado) to help our children with their children.

Add on the risk of getting other tenants or their children sick, and the financial risk compounds. 

Or doing the things that might help our children when they grow up.