Note, I speak of this as an immigrant household.To expand on #3; international trade is good.

Amarillo, actually.  1960’s build, nice area, but a family trade thing I never particularly wanted.  

I'm an accountant by trade.

Investing does need to be approached more like a business than just a simple stock trade.

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

In our trade, I would not expect any owner or GC to get this correct since our industry is extremely specialized.

Just looking to trade advice.

I kind of traded my 20s for the freedom of not working that started at 41.

Publication 15, Employer's Tax Guide, says only this much:...Payments for the services of a child under age 18 who works for their parent in a trade or business aren't subject to social security andMedicare taxes...No definition, and IRS publications are not really law anyway.

To sacrifice a good tenant, which is hard to come by these days in favor of higher rent, may not be the trade-off that you need or possibly want.