If I were 30 years younger (your age) I would look to experienced intelligent investors to help guide me.

The average age of the number 1 single family home owner is greater than 2010 and less than 15 years old and they are now building homes new construction and owning them. the exact opposite of your strategy. older homes are the cheaper ones and unless you have experience I'd build in columbus close to downtown. same reason Toledo and Cleveland don't move the needle and there aren't 100 institutions in those markets. columbus is barely on the radar. 

. - We have 2 children (ages 9 and 11).

@Pietro GaglioUse this database to help find average cost of care in your particular zip code.https://www.genworth.com/aging-and-you/finances/cost-of-care...If you're in Clinton Township it's roughly $4200, however keep in mind that this is just average.

Anyway, thanks for the note  I hear you on reducing stress, not sure of your age, but I won't 'go there' on the stress and quality of life side of things....I'm more patient than I used to be for sure.As far as what could be next - sounds incredibly non sensical and irresponsible - yet, move it all including yourself to a Colorado ski town.

The previous owners invested over $12M into building it between 2009-2012 but then left it vacant for years, allowing it to naturally age.

That being said, it's not true that multi-family will be as easy to buy as you age.

Not a perfect plan but it's flexible without age min of 59.5 to access or RMDs when you're 70 or whatever.

Take a break from the forums for a bit bc you're making my attempt to gain info very unpleasant whilst at the same time being confrontational, presumptuous, and incorrect.

There are many buildings with systems reaching the end of their life - Galvanized hot water risers, leaking vent stacks, aging window systems, outdated elevator and fire safety equipment.