Worst case you can transfer the money from the current custodian into Fidelity and back and forth it would just create work for you and possible wiring fees....

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.

do this just a handful of times and by the time you're 30, you'll have a larger portfolio of rental properties than the vast majority of people.hope this helps.

@Sam Rogers A Deferred Sales Trust (DST) allows you to defer capital gains taxes by transferring sale proceeds to a trust in exchange for installment payments, offering tax deferral and reinvestment flexibility beyond 1031 exchanges.

I would just pay off the arrears, pay out your equity, and transfer title. 3) Sell on the market, but then you'll lose some of that equity in closing costs and commissions. 

I'm eager to gain hands-on experience and mentorship in this field.

In my research I've found that there are a handful of developers who are spending big money to renovate and rehab the downtown area and that the Scranton School Board is under new leadership, allowing the district to finally exit from its "financial recovery" phase.

So far I don't have enough data to make this analysis useful for more than a handful of brands and state combines, but I like this approach.  

Eventually, I would like to transfer the property to an LLC. 

I have seen this first hand with my own flips to my client's that have been in the business for 25 years flipping.