They pass away, and their three adult children inherit the property.

My adult children have 9 properties now ~ they advise me to buy a few rentals to provide eventual income supplementation after I retire. ( Who wants to be the retiree wiping tables at McDonald's ?

We have so much to learn and are excited to be apart of this community, to learn and grow, and hopefully be able to pass on knowledge in the future to our children or anyone wanting to get into the Real Estate business!

In Las Vegas, that segment is families with young children earning $60,000–$85,000 a year.

How would you structure your real estate investment when buying properties and where would you invest income that you want to go to your children where it could be mostly tax-free?

With elderly tenants, good communication with their children can help prevent misunderstandings.

@Tove FoxDriving Park has been improving over the past few years, especially the sections closer to Nationwide Children’s Hospital and Livingston Ave, but it’s still very block-by-block, so it’s smart you’re digging into the details.

If you have children, I'd look into how you can pay your kids legally for age appropriate tasks (for instance a 16 year old mowing the lawn).

Some examples of a disqualified person include yourself, your spouse, your parents, or your children, and examples of prohibited transactions include purchasing a property with your IRA that is already owned by you, renting your IRA-owned investment property to your parents, or completely maintenance or renovations yourself (known as sweat equity).

Would you send your spouse or children (assuming the children are old enough) there in the dark?