After some studying on Austin area and biggerpocket's teaching on real estate investment I'm trying to screen some homes in Hutto,TX and Round Rock, TX.The idea of a duplex seems to be the best solution for me and my wife and our new born daughter, but I find duplexes rare in Austin area and often overpriced.

You best strategy, IMHO, is to do your best to figure who is likely to be the 'alpha' child, often the oldest with the most influence of the others, and get them on board with your plan.

I know Long Island better than anywhere in the world but I was born in Manhattan and lived in Brooklyn as a child, I still go there to see family from time to time and feel as I'm someone who learns quickly.

If all goes well you'll be retired by the time your child is 25.Time to get a seat as an "adviser" on the board :)

Hello everyone,I'm 35 years old and married with one child.

I remember as a child my parents bought me a Tandy computer.

If you have a conventional loan, I would always check with your lender/servicer to make sure your situation meets all the criteria.Permitted Transfers of Ownership subject to conditionsIn situations where all of the following conditions are met, Freddie Mac will permit a Transfer of Ownership of the Mortgaged Premises:- At least 12 months have passed since the Origination Date- Either+ The transfer is to a transferee who occupies or will occupy the Mortgaged Premises as a Primary Residence and is:- A parent or child of the transferor, or- A grandparent or grandchild of the transferor, or- A brother or sister of the transferor, or- An original co-Borrower of the transferor under the Note, whether or not related to the transferor+ The transfer is to a limited liability company (LLC) or limited partnership (LP), provided that:- The managing member/general partner of the LLC/LP is the original Borrower.

You are liable to the tenant for a safe property ( lead paint asbestos etc) You can be liable for what your tenants do (In MD a landlord was held responsible for the tenants dog biting a child) You are liable to others (trip and fall) Plus you also have financial liabilities (property taxes, code violations etc) An LLC is a help but it is a last resort, not first. 1) Obey the law2) Treat tenants with respect3) if something goes wrong deal with it right away4) Be a responsible owner5) Have appropriate insurance6) If all that fails then an LLC might save your butt.

For instance will my child be attending "Green High School" an exemplary school or "Rolling Meadows Highschool" a acceptable school.

As a Canadian investing in the U.S.A. you will most probably want to have a Canadian Controlled Private Corporation (CCPC) and an entity incorporated in the U.S.A. which is a 100% owned subsidiary (child) of the Canadian corp.