Then, your child is sick or something else happens and you realize that all you really needed was a healthy family, and good times with those you love, and this other stuff is marginal one way or the other. 

If you want to hand a business over to your child, then you can hand over an investment portfolio just as well.If you want to hand over a real estate business, but need to "learn" and have your child "learn," then sell some stocks and bonds, invest locally in a niche you like (probably multi-units, but that's up to you) and hire a property manager who is willing to explain to you what he is doing and why he is doing it the way he's doing it.

We were tight on space with a dog and newborn, thus the move. 

In the North Puget Sound and into Whatcom County, its possible to find a 3/1 slight fixer on a residential sized lot (<8000SF) for $200K, but you have to be on top of the listings and get it quick unless its a real problem child.

There will be many, many times while doing this stuff that the chances of any sort of payout will seem minimal at best, and times when, yes, an enormous amount of work will go into something and there will be NO payout.What makes this even more difficult to wrap your mind around is that the American middle class basically trains their children into a wage-slave mindset from the age of five or six, when parents start to give a child an allowance.

My Grandma lived at 513 Gaybar in West Covina, California   when I was a child, 50 years ago. 

@Joshua McMillion 2021: Buy 2 more single family homes in Indiana before my first child is born in August.

We got a shaman to come in and it turned out there were 4 ghosts including the previous owner who had passed away there and the original owner of the house who had died there during child birth.

I want to simplify my life, but when you're married with a child, you have family obligations.

She was 7.5 months pregnant with our first child when both of us were out of a job.