They went to a tax consultant which told them that marriage was set up for people to either have kids or buy a house.

A good income (200k/year) but it's been a tough few years and I have been helping out my kids a lot.

My wife had to travel for work and I'm on kid duty tonight.

My view is the real issue, as highlighted in the posts, are the mixed use issues which can get tricky, both practically on the compliance time required and philosophically when our rental and personal lives mix (I have a rental by a place the kids do sports and I may stop by to inspect or shovel, (and so on...etc..etc..).. so just disentangling the purpose is tricky sometimes.. much less taking off the gloves to record the miles..

However, as an investor myself I'm even extremely guarded with my own very well educated and experienced entrepreneurial kids.

Yes I will make a profit but I'm his son that's why we do the things we do, for our kids.  

I want to simplify my life.It needs a lot of work and I don't have time/energy for it.I'm getting old.I don't want to sell to someone who will kick out my tenants.I can't afford my mortgage any longer.I got a job transfer.I want to be near my kids/grand kids.The list goes on and on, but I've never once heard "I need $100K to get heart surgery/kidney replacement/triple bypass or I'm going to die!!!"

ARE YOU KIDDING ME??????

I have been married for 4 years, and my wife and I just had our first kid.

How much to expect for repairs from an older home and dealing with college kids.