@Angela Simon, If it wasn't your son there is a small chance that your accountant would let you purchase the 50% of the property you don't own. 

I do all accounting for properties and company in Rent Manager. 

Quote from @Sharon Bancroft: @Cameron MarmonI had this same situation and my tax accountant filed the change for me ( one time filling) and we now file it on our personal as a disregarded entity.

Not accounting for repairs etc.

Hey all my name is Laurence I’m a brand new member of np I  live in Orlando fl I’ve listened to about 100 episodes of the podcast I have zero real estate experience I’m looking to buy my first property to house hack this year I have a decent amount of money in the savings account I could use for a down payment also have a good credit score I don’t have a high monthly income unfortunately but just looking for any advice or tips or friends to bounce ideas off I’m debating which market would be better between the central Florida area or the Tampa area I also would love to get involved in flips at some point 

Account Closed that's not the case as long as you live in it as your primary residence for 12 months.

I'm Nick - a 26 year old tax accountant living in Charleston, SC.

I would go the facebook route but I don't have an account and its too much hassle to sign up.Let's see how it goes

Hello Account ClosedWe are so sorry for the inconvenience of you trying to contact us.

If that is the case, my ROI calculations should account for 25k of liens and I should place my bid accordingly?