What kind of investments are you planning on purchasing, and what area? 

. - Post closing Plan.

@Steven NguyenThe BRRR method is a solid strategy, but careful planning is key.

Always have a clear exit strategy, whether you plan to rent, flip, or sell the property down the line.If you or your son are looking for more hands-on guidance, feel free to reach out directly.

These are all things I am trying to plan for. 

It may also make it easier for your estate planning attorney to line up ownership with your estate plan, assuming a CA-estate plan if a CA resident.

My point above is how solid are your financial and management plans?  

If neighbor says they own it I would tell them I plan to construct a new one next to it on my property line even if I needed to lose a couple of feet of yard. 

You're better off opting for an interest-only mortgage, saving on payments, and then refinancing it into something more conventional when interest rates drop—or, if possible, making a plan to pay down the principal.Interest-only loans, which typically last for the first 5 to 10 years of the loan term, offer two key benefits.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?