There is one schedule on Monday Sept 25 that is heavily attended by BP members (@Brandon Turner, his wife @Heather Turner and child-Rosy does not yet have a BP profile were at the last one). 

Who do you recommend using for a policy that won’t cost me my firstborn child?

Now if you child is grown and is your active business partner, there is probably more benefit to doing an LLC.Unfortunately, legal entity creation, taxes, and estate planning are so individualized, that it is probably worth the money to sit town with an attorney and accountant to get this write. 

As per the tenant, he has to pay her child support but she continues to live in the house as she has nowhere to go with the kids.

I too have been talking with my wife about getting a house for each child to have paid off by the time they are 18. 

@Chuck KautzHey Chuck,I like your idea of getting your daughter involved.As a father of 2 kids that went to college I think this is a great time to expose your child to what the whole process involves from purchase to rehab to managing this property.Your child will get so much real world experience out of the process I hate to say but this exercise my have more of an impact on her life then the BA has!

Well, allow me to enlighten you on my teaching method.You see, just before the neighborhood opens up to the ritual taunting of "trick-or-treat" on the evening of Halloween, every child has a choice.

Got a great set of tenants and completed the full renovation in 6 weeks (while also welcoming a 2nd child!!).

My daughter lives in a POA (property owner assoc.) where the bylaw is clear that the occupant either must be on the deed to the property, and child, grandchild, or parent of someone on the deed. 

I marketed it to tenant buyers and after about 4 weeks signed an agreement with a Pastor , his wife and there child for market rent - $2000, with the option to buy for $360,000 which the appraisal amount went up about $3000 from that already.