Sometimes people can get hung up on how many adults, children etc, just refer them as hearbtbeats, and it will keep you out of trouble 

This sort of family dynamic allows you, the hunter, to stick w/ your strengths as a provider and allows your wife to stick w her strengths, nurturing and raising children (don't get me wrong, parenting is a team sport).  

The prohibition for the IRA would be for a disqualified party such as the IRA account holder, their parents or children, etc. to provide services to the IRA.  

I was thinking to suggest it, but not sure is worth the pain of putting in small furniture, get showings in a house rented etc etcThoughts?

We have 3 children, all grown up now, but I know how a newborn can monopolize your time.

Pros: Deductions (from my research this is the list i came up with, obviously I will have percentages since my portion is not deductible)HOA, Utilities, Cable, 1st year purchases of shared furniture / washing machines, depreciation, interest, repairs on roommate areas, and property taxes.Cons: When I sell, I will have to pay capital gains on a portion of the property, One of my questions is, if after lets say two years, i decide to stop renting out rooms will I no longer have to pay capital gains?

I am 29 and married with children.

The current owner rents to older folks who don't have children.

We have young children, so renting our SFH and moving into a MFH isn't really in the cards. 

We spend the rest of our time chasing our two small children around!