We're working on a lead from homeowner with an inherited property that is split between 6 children.

Allows us toPROVIDE our children with everyADVANTAGE we did not have ($ for college, stress free time w/ us, more time w/us).6.     

Final note, if this turns out to be a domestic violence issue of some sort, and there are other people in the rental other than the primary renter, that invokes a special set of rules from the PHA, so definitely look into whether there is a wife/children etc. that are part of this and are residing there. 

I have 10 children, and no debt with that many kids would be considered "wealth" by many--certainly by me.The original subject of this post was:The idea is to use a HELOC to prepay your first mortgage by timing additional payments.

The property you purchase cannot be anything you or any disqualified parties (generally your parents, grandparents, spouse, children, children's spouses, etc) currently own or have ever owned, or have made or will make personal use of.

Child support no longer carries the transfer of taxation (meaning the provider pays the income tax on the child support s/he pays in support of their children).

I ask because I read the IRS info the way that you did but when looking at custodians to setup an IRA LLC I read this,"A “disqualified” person is: • Yourself • Your lineal descendants (children, grandchildren, etc) • Your lineal ascendants (parents, grandparents, etc) • Your spouse, your spouse’s lineal descendants, and your spouse’s lineal ascendants"According to this they would disqualify a transaction between my SDIRA and my father-in-law.  

There are LOTS of small children (ages 5 to 10) that either live there or they are dropped off to visit and the kids just run amuck, up and down the street all day.  

Been thinking about that place for sometime now since I have 3 children

"I want to rent out the entire home and find my mom a smaller home to live in" Mothers will do anything for their children, but please think of her first.