So one reason would be that eventually my wife and i may want to have another child but in our current situation our unit only has 2 bedrooms.

After a wife, child and 6 years to reflect I sold the 2 family and crawled out of debt.

A relative comes back, an office becomes needed in a home (lots of different reasons for that possibility), another child is on the way, more storage needed as you co-exist longer and acquire more stuff.

@Brittany Villamil welcome to the site.I too had several small ventures as a child.

As a Canadian investing in the U.S.A. you will most probably want to have a Canadian Controlled Private Corporation (CCPC) and an entity incorporated in the U.S.A. which is a 100% owned subsidiary (child) of the Canadian corp.

The 16 year olsd is probably going to be having friends over quite a bit that spend the night.....and of course the adult companion (male or female) will be there a LOT with a child of their own.

Also make it look accordingly and match or exceed amenities.Don't fully rely on property managers, if your property is the ugly child, the only one that loves it is youIf you share details maybe we can brainstorm solutions. let me know

I learned the note-taking trick from a school teacher who protects himself from any potential child/parent accusations with journals on each child.

Also, by working around your kids, you can eliminate that huge expense of child care and as a bonus get to spend some extra time with your kids.Another option is to take another 8-6 job for two years, but live only off your rental income and bank all of your salary take home.  

I MUST achieve financial freedom to spend as much quality time with my only remaining child (15 yr old son) and travel as often as possible to aide in my healing process.