Dedicate one checking account and credit card exclusively to real estate.

How much will end up coming out of your pocket will ultimately depend on the coverages and exclusions you have.Good luck.

It sounds like you might not qualify for a 121 exclusion, where you would have needed to live in the property for two out of the five years of owning it. 

And the only job losses that result from raising the minimum wage are youth jobs and that's because adults will take them if they pay well enough to make them worthwhile.

Quote from @Nick Zigler: Screen all adults.

In regards to the sale of their homes, it depends on who owns the homes, how many years it has been their primary residence etc. as it may be eligible for exclusion from capital gains.You also have to take into consideration for yourself, depreciation recapture as well as potential capital gains on your rental property.

The wife has excellent credit (high 700s) and the adult son (also a contributing income earner) has excellent credit as well (mid 700s). 

Generally, your home sale qualifies for the maximum exclusion, if all of the following conditions are true.....

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