I’m 36 and married with a child now, so things are quite different than when I was that young 25 year old who was going to get “rich in real estate”.

Obviously its harder to pay in full when you take on more expenses throughout your life (mortgages, auto loans, car insurance, student loans, groceries, child and pet care, etc etc etc), but its a great way to build strong borrowing habits while you're younger and don't have tons of expenses.

And he has to pay child support for a child he never sees...

Also the teenage child that was the subject (victim?)

A subsequent divorce, new child support payments, less time with my kids and having to rebuild my life sent me back on my original quest for passive income streams as well as re-establishing supplemental income from wholesaling with a new strong desire to complete my first rehab/flip but with an obviously significant need for private financing and/or hard money partners to help. 

Small, old house built in the 1950s, but appreciating like 20k a year, at least if you look at the property tax statements, although we need to get that lowered/re-estimated.Anyways, have a new child and we were going to sell to get a bigger house, but wouldnt it be smarter to take equity out on it and rent it out?

I remember when I lived in an apartment buiding with my young baby and a neighbor screamed "Shut that child up"The dog owner can train the dog with a treat or handle that in some other way.  

I am looking to do the same no later than next year and I'm in the same situation with having a child and a wife I need to make sure is in a good area.

@Faith Chesney if we didnt have a child now I would consider doing just that.

"Train up a child" and all that:) My degree is Social Science Education, so qualified to teach History, etc.