For an extra $24k (over the course of 20 years - $1,200/ year) you give your child a gift instead of a monthly payment.

I am an only child and will be inheriting whatever they purchase or their existing home if they don’t sell it.

Aloha Abigail..... there is a little unknown fannie mae guideline that I point out to the Brokers that I work with with this exact situation... see below to complete the renovation look for a lender that does a fannie mae home style renovation loan and use the guide below for qualifying purposes Children wanting to provide housing for parentsIf the parent is unable to work or does not have sufficient income to qualify for a mortgage on their own, the child is considered the owner/occupant.

IL and IA have had laws on the books and EPA has every right to come in and test if any child who has as much as PLAYED at your property tests positive. 

Do you want to retire early in 10 years, buy a rental property within 6 months, start a business in the next 5 years, save for a child's education expenses?

An adult counts as 2 pts and a child 0-18 counts as 1 point.

We just had our second son and our other attends daycare to the tune of $440 a month and when my other child goes to daycare we will be paying 820 a month in daycare fees.   

What if they have obligations, back child support etc, anything or anyone laying claim to the proceeds of the sale.

Closing Cost $5,000I am estimating 10% Vacancy, 10% Repair, 5% CapEx, 10% ManagementRent is 1 Bed 1 Bath $5001 Bed 1 Bath $5002 Bed 1 Bath $600Monthly Cost$490 Mortgage and PMI$100 Property Taxes$160 Vacany$80 CapEx$160 Repairs$100 Home Insurance$40 Lawncare$160 Management (Undecided if I am going to use this)Cash flow is about $300 a month.Can someone review this deal and give me some opinions on it.

No, I don't have child or spousal support i'm trying to avoid, this is my first marriage.