thank you for replies guys ...the rental still bringing income that is paying the heloc and other property related expenses. i think i am just getting tired of handling the problems with neighbor, who was harassing my tenants and i probably most important - i am ready to pay off my main residence (currently paying the principal anyway and have no tax benefits from it).also getting new baby and extra money from no-mortgage would go to child care (doubt it is a considiration for IRS for reducing my tax :))

So for example if your child's doctor visit is $175 you are responsible for that.

You will not have to conduct lead abatement until the unit is occupied by a tenant with a child under 6 years old. 

Daughter/boyfriend could skip out or break up, son could move out with them, or with someone else, Dad could leave the kids there, etc.I once rented to a "family" of a mother/child, grandmother and the mother's girlfriend.

The state of MA also requires all rental units to be deleaded if you're going to rent to a family with a child under 6, plus, they have recently changed the law so that you have 90 days to start the deleading process in order to remove liability of the past tenants.

What's the old saying, "It takes a village to raise a child"?

This wasn't my original plan, but my contractor ended up in jail for child support (again).

This is a case where the child is essentially the guarantor (co-signer) for the parents.

This is the maximum payment the bank thinks you can afford per monthBack-end ratio: This is your total debt to income ratio and includes mortgage, any car/student loans you're paying, child support..etc.

The property is also zoned for commercial office and is right across the street from a nice child care facility.