Hi,My lease template is asking me to fill in tenant children's names and ages.

@Kodi Clark This is something I know a little bit about ;)As @Ashish Acharya mentioned, certain purchases after the acquisition can qualify for 100% bonus depreciation (like appliances or furniture), otherwise you would need to have a cost seg study completed in order to identify the components within the property that depreciate under 20 years, (like 'personal property' and 'land improvements'), and are eligible for bonus depreciation.Whether or not a it will be beneficial for you in your situation should be discussed with your tax advisor.

This is different from private property, which are things that are not permanently attached to the land, such as cars, boats, jewelry, furniture, and farm equipment.Understanding ownershipPeople often trade land, real estate, and real estate, but there are some subtle differences.Land refers to the surface of the earth up to the middle of the earth and the upper airspace, which includes trees, minerals, and water.Property is real property and any permanent additions, such as houses and other buildings.Property One of the two main classifications of real property.

Meanwhile EVERY surface I am touching they have touched, I am brushing up against their furniture, kneeling on their floors, and possibly touching their faucets or toilets while handling my tools. 

Thank you for your advice.To be rather obtuse about it, there's been two major health emergencies in our immediate family with four young children involved. 

And our children will have to deal with the new Covid tax, we blew $4 trillion on this virus and still wearing masks and still not open!

When the tenants move out, offer to buy their furniture, appliances and cooking utensils. 

This means, if you want to quitclaim the property to your spouse, children, or put the property in your will, then when the property is transferred you, the heirs, or recipients will have to pay capital gains tax.

I wish I could get into real estate, How are you guys discipline with money despite the school system never taught children how to be disciplined with money.

"would you feel safe sending your wife/girlfriend/children to collect rent?"