To answer your question, I will use your description as it most closely relates to my definition of what an actual turnkey real estate transaction should be. 

It would be hard if it was just your son as the IRS might doubt it’s an arms length transaction.

I would say my end goals would be some financial independence and also some business knowledge through transactions.

Unlike a foreclosure, a deed in lieu of foreclosure does not extinguish any of the liens and encumbrances affecting the property.Most courts recognize the execution of a deed in lieu of foreclosure in a transaction subsequent to the original mortgage transaction as a legitimate alternative to foreclosure proceedings.

Most HOAs in this area don't allow short term rentals, only long term tenants. 3) Make sure you have a great team to guide the transaction so nothing gets missed!

Essentially it's totally dependent on the terms/risks that the buyer and seller are comfortable with and everyone understands the transaction. 

If you don't rebuild or replace, the transaction is taxable. 

Instead, these funds were allegedly diverted to finance other real estate transactions and for personal use by Wettengel and co-defendant Tanya Muro.

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Your options are greater ahead of the transaction as opposed to when the transaction has already been entered into.Best of luck to you!