Renting out the entire house as a whole, and you living elsewhere (somewhere cheaper, of course) might be a smarter move, so you don't have to piece-meal everything quite so much.

That is why so many people move to warm climates to get healthier.

Funny thing is they also tend to eat from the dollar menu when they are buying, one always has coupons for meal discounts or a free burger with a meal.

I worked my full-time job, taking only a single day off to finish painting, and my wife taught the kids (this was during the COVID total shut down period), handled meals, and continued to look after the household.The reason it worked for us was the finite timeframe.

It shouldn't be at the Ritz, but you don't want to put them in some flea trap, either.I recommend looking for a vacation rental so they can still cook meals, have room for kids to play, wash laundry, and otherwise feel at home.

Just imagine sitting down and having thanksgiving with your family, enjoying a great meal and a nice time and the saying “mom, that meal was great, let me give you $50”.

But also since receiving this money I've thought how I could educate myself financially and use this blessing and build a life in real estate and build wealth from it.Right now all of my classes for college are online so I do not pay room and board or meal plans.

If you're selling Happy Meals for $2 when everyone else is at $2.50 to $3, and Happy Meals are a hot product that CNN/MSNBC/Fox/etc are all telling people to "BUY BUY BUY!!!"

Can you write off travel, hotels and meals when you go to explore different markets or look at potential properties?

I'm getting ready to read the "Advanced" book but in the meantime, I have a few questions I'm hoping someone might be able to help with:- If I'm not holding my property title in my LLC, can I still take real estate related deductions on my taxes (mileage, education, meals, other expenses, etc.) or do I have to hold property in an LLC in order to deduct them?