This means no extra rent applied towards a downpayment (which is financing) as part of the lease and no rent incentives tied to the exercise of the purchase option.you need to ensure your tenant / buyer is capable of affording the house and obtaining a mortgage (from a traditional lender) when/if they exercise the purchase option;the option consideration could be the downpayment (this may no longer be true under Dodd-Frank and/or SAFE act ... best to ask someone like @Bill Gulley) in which case you do not want to make it too large (3 - 5%).  

Taking care of my parents, siblings, kids, and grandchildren would not be an issue while I am at the company, but afterwards, it would be difficult to ensure that the wealth flows to the next generation(s).

It sounds like you need to contact the county and ensure that it can be used as a daycare given its current zoning.

Am I going to be controlling the bank account to ensure that rents are being deposited, bills being paid, etc.

Or, those who want to ensure they don't lose their hard earned money would have the motivation to actually learn what they are doing. 

Welcome to BP.I am sure you will find all of the resources necessary to ensure that you & your hubby will have the direction to make smart real estate investment decisions.I have found the brain power here to be awesome and sharing culture to be genuine.My personal story is that I have been a landlord & property "flipper" for more than 30 years.

Save up for down payment on next property when I get back to the states, another multifamily to live in one and rent the rest.I would like to expand more in upstate NY, very similar to midwest prices with great cashflow, but I want to wait a bit to ensure I dont over reach.

Welcome to BP.I am sure you will find all of the resources necessary to ensure that you will have the direction to make smart real estate investment decisions.I have found the brain power on BP to be awesome and sharing culture to be genuine.My personal story is that I have been a landlord & property "flipper" for more than 30 years.

Another reason for using longer term loans with smaller payments to ensure a positive cash flow is to actually hep your DTI.  

I want to be reasonable, but at the same time convey that I am firm about the late payment and ensure future rent payments on time.I plan to agree to this via a legal document I found online  (I can share the link if you want and if it's allowed) called a "Late Rent Payment Agreement".