In my opinion, it beats the alternative of having kids wait until they are 18 and leave the house to learn how to manage money when they have credit card companies influencing them to go into consumer debt.

Your alternative option is to use that equity to buy another house, and given interest rates are not 2-3% anymore, I would think you don't have to run the numbers to see which is better. 

Could be a mountain view, proximity to town, etc. something non trendy that will always be valued4) generally a lower tax state5) minimal weather/natural disasters 

If you do proceed with an ARV-dependent strategy, it's advisable to be very conservative with your financial models, and to have multiple alternative exit strategies in case you don't hit your ARV.Good luck out there!

I like that it covers lost income due to natural disaster.

Alternatively, if you are dead set on a 50/50 split, you could offer to personally guarantee the debt while their name would be on title but not the loanI've seen partnerships where one of the parties isn't bringing in any money go sideways more often than not.

Not just because REI is a great way to generate cash flow and build generational wealth; more important, to me, is the fact that I've finally discovered a way to use my natural creativity and problem solving skills in a way that makes me excited. 

Alternatively, the buyer receives title if he refinances the loan with another lender and pays the seller in full.3.

Which means self employment tax.The residential treatment facility might be considered residential investment property or not depending on the level of care, regularity of assistance, and if the majority of tenants have long or short terms stays.A more careful analysis is needed for both of these situations to determine the taxable nature of these activities.

It's just a natural progression.