Then between those expenses, our mortgage, and daycare for 2 children, we save for our family vacations but our real estate savings had taken a back seat after baby 2.  

I proposed that he turn his portfolio into notes that I pay on (terms still in negotiation) and pass the notes onto his children so that they could receive monthly payments on a mortgage instead of a lump sum.

Unless you die and your children get them at a stepped up basis.  

The man worked hard to have an estate to divide among his two children.

Recently one of his wives children moved back home, so now there are 5 kids and 2 adults.I want to confirm I'm not in violation of any occupancy limits for the state of Indiana but I can't find any info searching the web.Any info or links would be great, I may even call the city also.

After trying everything to accommodate her, the strategy is now:3 Day Notice of Cure Breach in the lease for inspection or Quit3 Day Notice of Pay or Quit for late peymentLease terms are defined that lease expires on 6/7/14 and there is no month to month allowance or extension permitted so she must vacate.I have 2 prospects waiting for the home that are waiting to place 2x month rent for the security deposit, $3600, plus pay $1800/mth going forward.All this said, if the current tenant has no place to move to with her family and children, I have given instructions to the attorney to accept an additional security deposit of $1000 cash, a cash payment for the remainder of the month at a 30% increase and a newly signed lease that terminates on 6/30 with no possible opportunity of extension or reversion to a month to month.Based on her broker and property management experience, as well as concern for her personal credit score which was 760, it is my belief that being served with 2 - 3 Day Notices of Default and that an attorney has been engaged, she will decide to either cure the defaults and move on 6/7, or find the cash, sign a lease for 23 days with payment and then move on the 30th.Wanted to make sure all had the details plus the facts that as a landlord I feel a responsibility to my tenants and their tenants, hence the opportunity to extend, but also that to get the opportunity they need to be held accountable.

The children may want to sell for the management issues but appreciate a monthly loan payment.

There should be a clause in your lease saying that only the people signing the lease and children identified by name are authorized to live there and any body else "must have the express written permission from the owner".Obvious exceptions would be birth of new child or adoption/foster care.

This might be a project we (myself and or myself and other teammates) can have our very young and mature children work in and on.

I'd also like to include our children in the business and teach them about making wise investments at a young age.I have started looking at single family homes in Raleigh and surrounding areas (Cary, Apex, Garner, Wake Forest, Durham, etc.) and am learning that the market is very tight for good SFHs at a good price in this area.