We did this in the 1970s when my spouse was finishing grad school. I lived in a
home we owned in CO, and he lived in a minimal apartment in OH. I took children
to child care in temps as extreme as -40, and we eked out a living with my
parttime teaching and eating lunchroom leftovers where my mother-in-law cooked.
There were some advantages, but when our daughter, age six, said "Let's
get a new daddy that stays with us," it appeared changes were needed. Now we
are sort of retired, and I am considering taking a job in OH that would later
permit me to work from home and thereby have income to finish projects long in
progress. I have a son who lives in KS, goes to grad school in WI and works in
CA. Such scenarios keep boredom away!
I did it for nearly 4 years in Las Vegas. I lived at home but managed resorts
all over the country. I was home for two days of each month. I was fortunate
enough to have a great wife that would take care of the kids, school, etc but it
really put a strain on the relationship. My wife would call and ask me to get
after the kids. It was hard after I hadn't seen them for two straight
weeks. I ended up simply being that guy that would show up once in a while. I
finally left and started my own business after my wife mentioned she liked
talking to me more on the phone than in person. I won't do it again. I made
a lot of money but it isn't worth losing the family.
My family and I have been doing this for over a year now. I live and work in LA
and my family is in Utah. It sucks but you do what you have to do! Does anyone
know if you can write off the second residence as a business expense?