I'm still a little hesitant on this tenant, it is a family, with two small children both earning incomes but the primary question I want to pose is if we go through with this what could be the ramifications if they decide to go through with filing for bankruptcy, and any potential wordings in the rental contract to protect us the landlords.This is in North Carolina for reference to tenant laws and any of that matter.GUYS!

Then to get 60000 Can$ per year I need 20 into 60,000$ worth properties equal to 1200,000$ in today's value during next 10-15 years.At the same time I need a own home to live where it should be at a convenient location to my children's schools which they attend now from my recent rented out house.If that requirement met, I need bigger down payments and bigger mortgage instalements.But I will meet my dream own home earlier.

If there's five children and two adults in a three bed that's obviously not going to work. 

It's like one of his children.

She already lives in the neighborhood, she has young children that will be attending the nearby school for a few years, and she has a personal friend living across the street. 

I’m not investor savvy (yet), but I refuse to be outworked in whatever mission I’m involved in.Background:I am a husband and father of two beautiful children.

I have four young children myself and I understand that kids are messy, but this was more than most people would be comfortable living in and it was that way *every* time I visited the house.

It works for a couple thats married until .....................................children , once the children are ready for school and the parents find that private school is so expensive they re think where they live .  

In my jurisdiction, any additional children that are born while the family is residing in the unit is an exception/"grandfathered" - if the unit is coded for 2 and the couple has a kid (or three!)

The tenants will be much harder on the building and they will do incredibly stupid stuff that will make you scratch your head .they will be like oversized children .if you understand the desperation and difficulty of thevarea and the people then you will succeed ,if you go in with a set strict criteria and try to be tommy toughnuts to the tenants then your going to have very high vacancy ( leaving in the middle of night) nd repair costs ( like pouring cement down the drains ) and you won’t see the good income everyone talks about .