I currently live with my wife and 3 children, so I'm not sure this would be a good option for me.

I find families with children or groups of adults staying at my STR do more damage whether intentionally or accidentally than my longer stay midterm guests.

Liabilities, debts, and obligations are only held against each child LLC and not against the parent LLC or other child(ren) LLCs.

I have 3 young children and need to focus on family and I don't need a second full time job. 

My father recently passed away with all of his assets in trust to to be divided equally between his three children.   

Housing stability is important, especially to families with school-aged children.

Water is easy - bill divided by total occupants at property (count everyone even children) then for each unit multiply the result by the number of people living there.

However, it needs a good $100-150k in repairs/updates, which may be significantly higher due to specialty construction.Since the grandparents passed away, the children are thinking about selling. 

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

My wife currently stays home with our 3 children and I work a mid-level corporate job ($76K salary), so my DTI ratio is high.I have identified 30 properties in my area that are either vacant land or are occupied but make some sense to slice off 7-12 acres for this move.