And in the backyard they added an ADU to currently be used as the office/study/gym but they will be able to rent out as a STR in a few years when their oldest children go off to college.Again, this really works for for just about any number of bedrooms.

We own our primary residence, have always taken the standard tax deduction, have 4 children, one graduating high school this year, have never owned a business, don’t know what could possibly be written off or what needs to be saved throughout the process, and would prefer to have a cpa and attorney assist with the set up of an LLC to ensure we’re getting the most tax benefits and asset liability protection as well. 

When you finish a unit (best around) and determine final rent based on research ask yourself "Would I pay $1550 a month to live here, with my family, with my children, etc?

For example Columbus Children's Hospital is expanding so areas like Southern Orchards should be experiencing some good appreciation here soon as it is next to a high value area (German Village) and would be great housing for employees working at the hospital. 

When the matriarch of the family passed away the children didn't want to keep the house.

Thats why as a local Native Hawaiian, I am so passionate about owning property that one day my keiki (children) and descendants down the line can live in to stay on our Native lands.

We recommended this to both of our children when they married.

I believe it to be a beautiful thing when us children are able to help our parents.

It is disgusting to think about, but there are people who would rather buy alcohol than feed their children.

Scott Trench writes about this in "Set For Life" and I believe he had eight apartments and the rent income paid for those investments plus most of his single-family home that he moved into.If I were single or without children, I would use this technique even as a 50-year-old.