What would be the costs associated with gifting a fully paid off house to your children?

My property manager, softened once we read the California's renters right and landlords responsibilities manual, that I got as a gift from my RE agent years back.We are leaning more towards taking this as a learning lesson and redefining our  expectations of the tenant through the renters addendum and addressing this issue when the lease expires.Yes, the Rental is in Southern Californiacomments???

If they had to repair a sink faucet then $65 seems like a gift.  

You can also get a gift from a relative to cover the 3.5%.

The lender would consider that a gift from your friend, independent of whatever type of agreement you come up w/.  

If you are getting "gift funds" then you will need 640.

Besides them "gifting" their part of the down payment how can we set this up where we can have a partnership 50-50 with no complications?

If she were to put in 100% of the capital but wants me to have 49% ownership and 10% of profits, what business entity should we chose and would there be issues with taxes since I'm essentially receiving a monetary gift.

When your family gave you the down payment there may have been a recording of a gift or early disbursement within the estate limits.  

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