I have 2 kids and will lose my tax credit of $1k each if I earn more than $599.99.  

We have a condo there.I might be a little jaded because Vancouver has changed so much in the last 20 years and my life has changed so much (family and kids) but it feels like people are finding the cost of living to be really really unaffordable here. 

Just kidding!   

I have tried to work with them for far too long as one of his kids is friendly with one of mine (I don't put up with this at any other property- my mistake). 

I never liked the weather in the Portland area much.after 13 years of living here full time I still don't like it.. and if I did not have my kids follow me and all my banking and business contacts I would decamp for better weather ( Napa Valley ) in a heart beat.Its a funny state.. much of it is very rural with little to no population and unemployment rates in the 20 to 40% range... the PDX metro area and Willamette valley down to Eugene  represent 80% of the state population in 5% Of land area.Oregon flipped from timber and ag to high tech in the 80's and it boomed..

From what i see they have a lot of good and behaving kids going to school so If i don't do it the right way.

Started with our old house when we moved as the kids got bigger.  

Is it when we or our kids does a straight sale in the future. and how is that tax calculated then.

Maybe I'll have my wife and kids do it.

I live in New York City- local prices are insaneI have a full time job with a Global corporation and make a decent livingI have a wife & kid- live in a rental apartmentI have fair credit which is steadily improvingI have 12k savedSo, my initial step could be:Invest in TurnKey Single family home through Memphis Invest (I like them and have spoken to their reps- but am open to other out of state investment options) - This requires 30k initial investment so, we are talking a year and a half more of savingGet a partner to do above quicker but give up 50% of cash flowFind a Subject Too, Lease Option or Rent to Own property in my area for myself, use the 12k for a down payment to the owner/leaser and take over ownership with a bank mortgage of my own in 12-18 months.