You have the ability to sell while limiting your capital gains tax because you lived in 2 of the last 5 years. 

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

Lenders will want a letter from your employer that states you are allowed to work remote from where you currently live and that this move will not affect your income. 

Another idea for housing economy if you have an office is to rig your office to live in but not sleep in. 

I live in Farmington Hills.

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

I would love to hear any suggestions about where I should look to live in the area. 

I live in California.I also wanted to know if there was anything you wish you had known before setting up an LLC/IRA and why you chose to set one up and has having one met your expectations?

Sad country we live in at times. 

Are you planning to rent it out or live in it?