I have to continually look over their shoulders to be sure things don't fall apart.So I began to wonder what will happen when I die...will my children handle my buildings and truly benefit from it?

I did light repairs, added a fireplace and furnished with high end furniture.

However, unless I am working on a substantial commercial development, the lead thing is not much of an issue, unless the area we are working in has young children using it.

The cost of changing the code is nothing compared to the cost of losing tools, furniture, plumbing....

First off kids being poisoned by lead is a big issue and it’s only going to get worse due to legislation that’s lowering allowable lead limits in children.

Answer: For the purposes of determining prohibited transactions through your self-directed IRA, the following people are considered disqualified persons:You and your spouseYour employerYour lineal ascendants and descendants, as well as their spouses (children, parents, etc.)Any person providing plan-related services (custodians, advisors, fiduciaries, administrators, etc.)Any entity (business, corporation, partnership, etc.) of which you are at least 50 percent owner, whether directly or indirectly

Lower income homes tend to have more children in them (in my area).

I assumed 6% closing costs, $50,000 for furnishing the property (which your FHA loan won't cover and which will depreciate in value as soon as it leaves the furniture store), 10% each for CapEx, repairs, and management, 5% vacancy (in addition for the 10% vacancy which I factored into the Airbnb income above), $1,300/mo for property taxes (just slightly higher than the $1,250 listed on realtor.com), $780/month for PMI (BiggerPockets recommends $45-65 per month for every $100k in property value), and $500 for monthly misc expenses including re-supplies and cleaning (honestly, even $500/month may not be enough if you plan on hiring cleaners, but may be enough if you plan on turning over the rooms yourself after every guest checkout).

I pay for the staging furniture.

Hello out there, I am a mother of 3 young children and I am consumed with wanting to secure a good financial future for them.