His numbers are also going to be look deflated as I doubt he and/or his 2 children that live in the building currently pay any rent.As an aside, I know that a woman in the building has some sort of rent control situation going on.

Owned by the two children that wanted nothing to do with it and because of that left the rent far below market.

And the tenants have a better chance of affording the utilities so they have enough left for rent.Also less children so much less damage.Also in some areas I have seen a lot of old large homes for cheap.By the time you bring them up to code and fix everything for a good long term rental.You have invested more money in them that what it would sell for.So the only ones it works for are the true slumlords.Just have to be careful what you buy.

Unless yours is a designated 55+ community, you can't decline an applicant for having children, or a specific child.

Many of them just enroll their children in a better district free of charge.

Their problem (which became our problem) was that they had older children who began spitting children like they were PEZ dispensers and dropped them off at mom and dads to raise. 

but like having small children or dogs living in your home, you have to "guest-proof" your home if you're going to have people coming through.

It's been my lifetime dream to be my own boss and invest in myself to give my children the life they deserve.

SBA's regulations on leasing require that the small business occupy at least 51% of the rentable property if the 504 project is for an existing building and at least 60% of the rentable property (with the intent to move into at least an additional 20%) if the 504 project is new construction.Eligible Borrowers: For-profit, non-publicly traded businessesTangible business net worth (including affiliates) not to exceed $15 millionAverage net income of the business not to exceed $5 million over the previous two yearsOwnership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)Examples of Property Types Fountainhead Finances:Medical offices or medical facilities (such as labs and clinics)Office buildings (including office condos)Warehouses (and other industrial properties)Day care facilities (for children or adults)Free-standing restaurantsLimited-service, flagged hotels (some unflagged destination hotels will be considered)Auto repair shopsAssisted-living facilitiesCall to ask about many other property types that are eligibleIneligible Borrowers: Non-profits (except sheltered workshops)Passive holders of real estate and/or personal propertyLending institutions (mortgage brokers and correspondent lenders are eligible)Life insurance companies (franchised agents are eligible)Businesses located in a foreign countryBusinesses selling products or services through a pyramid planGambling concernsBusinesses which restrict patronageGovernment owned entities (excluding Native American tribes)Consumer and marketing cooperatives (producer cooperatives are eligible)Businesses engaged in loan packagingBusinesses that have previously defaulted on a Federal loanBusinesses engaged in political or lobbying activitiesIneligible Use of Funds: Working capitalInventoryRolling stockBusiness “good will” or “blue sky”

I'm 29, I have 3 children (2 boys, and a girl).