Not sure how old your kids are, but learning how to fix things or build things or manage money are all invaluable skills that can be taught  from father to son/daughter and can be part of building memories. 

Hi there - thanks in advance for taking the time to consider my situation!The situation:My dad is 75 years old and looking to retire in the next year. Currently, he is an apartment renter in Marin County, CA. He likes...

This property is in El Paso, TXThe following is an account from a friend of mine interested in pursuing neighboring home:-House has been vacant 6 years-The owner and her two sons died.

Account ClosedI hired a Belarusian-immigrant father and son team once to do tile work on my home for me.

Send me a DM if you're still looking (I don't think they'll allow me to post phone #s on the forum). 

Apparently it’s with her son and he is also out of state but is happy to do anything he needs in order to make it work. 

You would lose your good rate on the house at that point and likely be in the 7's on a rate if I had to guess.Another path might be to rent it out and split the proceeds each month with your sister if that makes sense?  

When you go 3 to 4 million then things really start opening up some on cap rate where you could land in the 7's on some tenants.

It's hard to walk that line of son/brother and landlord. 1.

My wife and I will be married a year in May and we have a 3 week-old son.