That doesn't mean that there is some kind of magic loophole and that the child will suddenly never have to effectively pay rent again simply because "he has a lease".Obviously consult your own professionals, but if the "lease" is broken at the time of foreclosure, then these people have periodic tenancy and a simple 30 day notice to vacate would suffice. 

If revenue generation, you need to look at it from The standpoint of others - beach, lazy river, restaurants, child care, amusements, etc.. all add substantial costs in the form of HOA fees.If primarily as a place for you to vacation and you want revenue generation just to help that, you may want to stay away from the condo-hotel concept as it can get quite crowded and use of the amenities can get quite competitive in-season.I would also suggest you start reading up on the pros and cons.  

Since then, I have been an avid listener of the podcast and became a free member of BP last October.Between then and now, my wife and I introduced our first child into the world, and we are currently in the process of moving to San Antonio permanently.

I wish I could charge a higher security deposit for each child, as they do more damage than pets, in my opinion, but we'd get in way too much trouble for that.  

HelloI would like to know how can i create a Prent LLC and child LLC for individual rental properties.

We want our child (and future children) to grow up with family constantly in their lives. 

But what about IRS, child support, or federal court judgements?

I am a single mom with a young child and do not have a support system that would allow me travel to attend the 2 day event in CA. 

The child that lived there wrote on a couple walls so the family room needed repaint, they never opened windows while showering ruining the finish on the cabinets and causing mold problems ruining the bathroom paint.This is an old updated 1940 home with no exhaust fans in the bath or kitchen so common since says  a window needs to be open when showering or cooking nut they were not.I documented everything with pictures and I have a letter from the flooring company stating what they saw.

-My fiance and I are talking about having a child, but I don't have any savings for it.At the current budget, it seems it is impossible to save up any for emergency fund.