Also, for economic purposes, by placing home in LLC (a business), children will be elgible for more college financial aid since the business assets for a closely held company with few employees are exempt/not counted under federal financial aid laws but are counted when it is our personal name.  

I have a house on rent but they are not willing to leave my  house what action should be taken against them.

In most cases taking a loan out of your 401k is not a wise financial choice. 

My current income is good, but financial freedom is my goal!

I want to be the one FLIPPING these houses and making a difference in dilapidated neighborhoods but I don't have the financial backing so I just feel like a kid in a candy store with no candy money.

But I am trying to put all my ducks in a row if makes sense before taken action. 

Let me first start off by saying my oldest child is 3.5 years old so I know things will change many times before she sets off to college.That said, after reading an article about the uses of a 529 plan, it mentions that it can also be used to pay for off campus housing, up to the cost of on campus housing reported by the schools financial office.  

It's great to see people with just as much ambition towards become "financially independent" and let their own money work for them instead of the other way around.

I am a Junior Accountant in New Jersey, and I became interested because I want to achieve the financial freedom I've always dreamed of for myself and my family.

i love the idea @Judy P. has if its financially possible for you and if zoning allows it!....