My ultimate goal is to buy and hold rental units and continue to increase my portfolio over time resulting in an impressive real estate empire i can pass down to my children.

Sooner or later, the piper gets paid, one way or another, and quite literally, all the worst payments extracted involve their children doing the paying for cheaters.Debt can be used to crush a nation, a business, a person who makes himself or herself a target.

If you rent to a family with children it will be even worse.Are you OK with the realiy that there will be some degree of renovation required if/when you do decide to sell.

Not such an easy feat in this market and with a wife and two children who are used to a lot more space than the downgrade will give us!

years, and/or if they have minor children AND relocation fees are also based on whether the owner of the property is mom & pop owner (owns 4 units or less).

This scared me away from REI.Since then I got married to my beautiful wife Melissa and we have two wonderful children.

Landlording truly is a savage business having to order people around like children because they act like over sized children !

Your children own rentals but are not in real estate, even though that is all they have known you to do. 

We’re both very excited to build a an inheritance for our children!

And yes, no doubt many pets do less damage the children....and either one can cause a claim against a security deposit.