Pay your kids.

We started home educating our kids about 25 years ago.

How do we even teach our kids these days from right to wrong if there is never consequence to their behavior?

In April this year we closed on our starter home, and have since been saving up and doing mountains of research into what to expect in this field.We don't have any kids and don't plan on having any until we have at least 5 doors of real estate, in any combination of either single or <4 unit multis.

This is in central Texas, close to Austin TX so it's likely to increase with the big companies moving in.Rental rate: 3.5K/month (Tenants would be middle-to-high income families with school-aged kids)The house is almost 20 yrs old so could use some paint touchups, flooring buffing, toilets, etc. but overall in decent condition.I'm thinking I'll fix these things as a rental so I can deduct it from the rental income and then plan to sell in 3 years to keep the cap gains exclusion as a primary residence.Rental rate doesn't pass the 1% rule of thumb. 

Two college age kids and one getting ready for high school. 

Not sure if you have kids yet but if you don't great training for when you do. 

@Joe Splitrock, she and her kids out over 150 holes in the walls and all of the doors and flooded a toilet and broke two crisper drawers in the fridge, and had a dog that peed on all of the floors, and lost all of the keys, and drew permanent marker on all of the walls and doors.

I’m married with 3 kids.

I wish we would teach kids in school that the difference between the poor and the rich is not money, it is mindset.