There is some lakefront probably worth exploring. 

Not an accountant or cpa but there are many ways to reduce taxable income if you have a business such as paying kids to do some work and make sure you account properly for expenses.

I think I will explore getting a cosigner and creative financing.

Even worse if you have a smoke allergy like I do and specifically searched for a smoke free building.In our current multi-unit (5 floors) there was a tenant who tried to get around the no smoking building policy by leaning out their window and dropping their butts into our yard (basement apartment with a yard) for my dog and kid to crawl in. 

I won't give anything to my kids until I know who they are as people. 

Good schools also make your property sticky, in that people don't want to leave if the rental gives them a chance to send their kids to school in an area where they cannot afford to buy a home.Some other things to consider - what I call "anchors."  

Also I have a home now I just built with equity and kids so that kills the house hacking idea. 

New kids are always an exciting/challenge time.

I want to rent my current condo, and buy another with the same strategy: live for a while, and rent later on when I move to buy another property (job change, getting married, having kids).

I have three kids at home.