Keeping owner on mortgage

[Craig Moore]

I'm just getting started on my REI journey. Like most, I've read several books and listened to hours of videos and podcasts. I don't think I've seen this exact situation discussed. My sister lives in Michigan but plans on moving back to Alabama in about 3 years She's currently renting and really isn't in a position to buy. I've talked to her about her buying a house with me supplying funds for down payment, closing etc. She'll make the payments until she moves and then I'll keep it as a rental. When that happens, can I keep the mortgage in her name to keep from having to go through the selling/ buying process and the costs involved? And if so, what's the best way to handle that? Want to make sure the end game will work out before we follow through with it. Thanks.

[Theresa Harris]

Why don't you buy a place and rent it to her?  It would be much simpler.  Other option is both of your names go on the mortgage.  Mortgages can't be transferred  and if the person who takes over payments doesn't do the, the person whose name is on the mortgage is the one left on the hook.