However, as we gather resources to buy another property a close friend and colleague who lives near my primary residence has recently fell into some hard times.She is currently going through a somewhat ugly divorce, but her hope is to keep the house where her teen children go to school.

In the future, we will look to add a few more properties and can put them in LLC's and partner with our adult children (three in early 20's in age) for a total approaching 10 SF properties. 

Probably less risk with a family however children will also be very destructive.

Hi Colleen,So in this case there were three children who were trusted a house from their parents.

Suddenly, woman and two children walk in thru the side door (corner lot house) with toys & clothes and ask what we're doing in the home they just rented.

She wrote like 4 paragraphs in the review about having tired children and how I was b*tchy for not letting them come early (they always assume that it's me, when it's actually @Luke Carl lol.)Then in a different property last night they texted complaining that the hot tub was 89 degrees, and it clearly states in our listing that the hot tub is drained and refilled between each guest, so it might not be fully hot yet right at check in.

School is where you send your child to be raised by other children.""

I have a financial plan to purchase a duplex each for my children when they turn 5 years old, hopefully have the property paid off when they turn 20, and dispense all Cashflow from the properties into their personal accounts monthly.

I am very proud to have made a move that will change not only my future but the future of my children.

It looks like you are off to a good start with real estate investing - don't stop.If you get a CPA who is a tax strategist (there are plenty here on BP), even better, because he/she will find you tax savings so you can achieve your goals (retire early, purchase more investment properties, pay for your children's private education, travel more...)Our clients who used to prepare their own taxes start saving thousands in taxes per year...thousands!