There are special rules for spouses, but not for children.

We never would have thought we'd have to use it as an investment property.To get access to a better school district for my children, we had to move to another state.

Yes, its very exciting b/c it's affordable to buy and you can pay it off within 5 yrs and it cash flow's from day one as opposed to NY where everything starts at almost $1M and the only people that will ever see a profit will be your children.  

I have thought that an office  would be good, and maybe a day care for children to name a few that came to mind.Are there other opportunities that can actually work on a commercial property that just doesn't look the part.  

I know I cannot discriminate to any families with young children, so I know that I will have to get the lead taken care of, but curious if I can technically be safe if I only have the renters side de-leaded.

For example, if your wish is to provide an income stream for your spouse and/or children when you die, you can name a successor trustee to manage your properties and distribute income to your loved ones as outlined by your trust.

I miss SE TX and look forward to one day showing my children where I grew up. 

This may be something that is necessary in extreme heat with elderly tenants and/or children present.As always, you need to consult your lease FIRST as it is your road map for the relationship with your tenant. 

I am not sure how they structured it for their kids but I've sold properties to people from California using a self-directed IRA for their children.

I have a couple thoughts and wanted to see what this wonderful communities perspective/ advice is.I am 29, recently married and no children, I have no dept, the only asset I have is my vehicle I have 750+ credit.