CFD to my own S Corp business and rent to my adult son while still living with him

[Glenmore Vinoya]

I have been living in my house for 8 years now and have built up enough equity I can tap on to invest in another property, but my current financial situation is not looking too great that a little hiccup can cause major issues. I know that I should wait until my finances are in a better state, but I'm also curious about this idea.

Basically, I will CFD my home to a business I own and rent it out to my adult son who is still living with us. Obviously, we'd still be in the same house but the property will no longer be under my name and I won't be renting it to myself but to my son.

My thoughts on this is that it will give my business the startup it needs to start building business credit, I will learn to be a landlord (as long as I am steadfast in that role), and will give me time to get my finances in order.

My only concern is if my bank will trigger due-on-sale clause on me.

I would love to hear your thoughts and anything else that I may have overlooked. I know this post is not very comprehensive but I'd like to get the discussion moving to be reach the comprehension I need.

Thanks all!