Turns out the kids were major gamers And waned black out blinds to play the computer games!

Not before that long it could become more interesting for you than for us here.Now, for us building a portfolio of rentals (and btw also an option for Americans), we avoid this by not doing it as an individual but with a company (SL) and changing it to company tax (first two years 15% and after this 25%) and creatively deduct way more costs.It is true though that this is a good way if your strategy is to reinvest your money time by time building something bigger/passing it along to kids/relatives etc, because when you want to take money out of your company you would need to pay dividend tax or in the form as a salary.   

Yes, we flipped it to get a chunk of money to invest in other properties, but the chunk somehow slowly disappeared taking care of 3 kids, eating out, etc.Maybe what I learned is to get your financial house in order first. 

my kids use them all the time with their kids..

I was walking to my neighbor's house to pick up my kid today.

Wife and I are late 30s with two little kids and the $5k could fix both bathrooms in the rental we want to sell.

I have a husband and 2 kids and I promised my son we wouldn't move again until he has graduated high school (3 years).

Are you looking to supplement your income, replace your income, leave a legacy for your kids, keep scaling and figure it out as you go?

Personally at our house I love it because my kids have their own codes so I can see when they come and go which is nice in this crazy world we live in.

Be ready to pay off the loan, end buyer refi (the reason for a wrap is not always bad credit), sell property, deed back and do a lease purchase option for a while (depending on what state you are in), whatever needed.The banks are not gods - they are just entities that do not care much for their customers due to being too big.Stay safe out there kids