u/ENTJ_ScorpioFox

Hello,
I see and love this community - you all are amazing!

My spouse and I are living in a very high cost of living city, so it’s not practical to buy a home here.

However, our combined net worth is about $750,000 and our taxes are pretty high (have two kids, less than $100K in student loans, very little credit card debt).
Our accountant recommended buying a rental home and starting to diversify some real estate holdings.

We previously owned and sold two homes - had to move to this city for jobs.

What time horizon and savings amount would be best for buying a rental home? Do any of you use property managers? How do you make it the right tax vehicle and balance profitability? Adding that we want to long term own 3-4 homes to rent out in vacation cities and have this for our kids.

Suggestions welcome!

ETA: I’m a real estate attorney, I have handled nonpaying tenants at work, just not personally. Credit cards are low balance, we use them for flights. Have strong credit.

I searched the sub, but was wondering if any parents take their kids to a great occupational or food therapist?
My son is very sweet, 4.5, but recently has had sensory issues with loud noises, sounds of the train, electric bathrooms/dryers, large groups of people.

A combination of sensory overload and some anxiety.

He also used to eat 20-30 things and now eats about 5-6 food groups.

So I’d love any recommendations for therapists that help with this.

We’re in Manhattan (Gramercy), but clearly will travel for a good provider.

ETA: I think he may have a sensory processing disorder (husband has it), but not necessarily other spectrum disorders. My son is really good at mathematics, music, chess and gymnastics. He runs and does swimming. So there are areas of his life where he has an outlet. But food is really hard and trying new places/crowded events can be hard.