Because my state doesn't have an age minimum on members, my 2 minor children are members as well.  

We've found success in this as it's probably one of the nicest one bedrooms in Back Bay and have consistently found wealthy customers looking for a pied a terre or a place for their children to live while attending MIT (just across the Charles River, 10 minute walk).

We've found success in this as it's probably one of the nicest one bedrooms in Back Bay and have consistently found wealthy customers looking for a pied a terre or a place for their children to live while attending MIT (just across the Charles River, 10 minute walk).

I have no kids, but we played it with our nieces back when they were in their early teens.I'm a huge fan: It's far more realistic and relevant than, say, Monopoly.For one thing, you'll be introducing your children to critical real-world concepts like debt, budgets, and cash flow.

If you haven't already, be sure to plug into the Bigger Pockets Podcast - it's a wealth of information and stories to learn from...I have found it to be equally inspiring in slow and busy seasons of investing.Best of luck and look forward to following your journey!

Monick’s story is creative, encouraging, and inspiring to investors of all levels.

Just because someone has two children does not obligate you to ignore credit and job security issues.  

I am going to be honest, I am broke right now, which inspires me even more to do creative financing

I've attached one link.From a lender's perspective, it's much more of a pain to do the parent and then children LLC's because we need the entity documents for all of themmost lenders require the LLC to be specific to their transactionyou'll need to keep the funds separated and many times, the LLC doesn't have the assets for reservesthe filing fees for each entity can become onerous and if the property is in a different state, you'll need to provide the foreign entity registration as well as the certificate of good standing in each state   Instead of setting up all of these different LLC's etc..., until you get to a point where you can no longer use Fannie Mae and Freddie Mac financing, get a good umbrella liability policy so you can enjoy the more favorable financing.https://www.biggerpockets.com/renewsblog/the-tradi...

My experience is that the book is great for inspiration.