As a buyer, you may only want the home until children are out of school or you are finished with a certain phase of your career.

I am single and have no children so I figured I’d rent for a couple of years, save money, and buy again in a couple of years for a primary residence.

For example: if a parent wants to gift the post capital gains proceeds from a family cabin to 2 children ...Short of death, does the gift tax exclusion apply here ?

I'm 32, married with three children (7, 5, 1), and currently am an automotive/industrial painter.

Granted, that's the nature of my occupation as a handyman, but still, it would take a LOT to get me away from her if I were still teaching, for instance.So if on top of that he's burning his income on a nice place for hisself instead of something small and tight and cheap so more money goes home to his wife and/or children, that would be a red flag for me.

My reason for joining the Bigger Pockets community is to gain FF and give my children the upper hand in life that I wish I had.

Consider the upside of what your children may learn by watching and participating with you as you run your rental.

We wanted to down size a bit since our children are getting older and a cheaper payment to protect in the future from any down turns in the market in which I work.

Do they typically have children?

When making that decision, keep in mind that nearly 60% of renters don't have children so a second bath may not be as important as it might.