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.

It's awesome to hear how aware you are about the transferability of your skills to real estate! 

Additionally, transferring properties into a trust for estate planning purposes is possible if needed.To maximize your leverage, I recommend exploring multiple DSCR lenders for better terms and working with a real estate attorney to structure your LLCs for both protection and lender compliance.Let me know if you’d like more details or assistance with financing!

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. 

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

Most doesn't seem precise enough for you.

Transfer it into a Roth IRA 6.5k as you are able (IRS contribution limits will make this take a while).  

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

It is precisely because of that professionalism and because of how obvious it is that Clayton cares about providing his clients a positive experience and delivering on the promise of single-family homes for wealth building that I would choose to work with Morris Invest in the future.If there is anything that the BP community can take away from this thread and from Tyler's experience acquiring his first property through Morris Invest, I hope it is that despite a few bumps in the road and a hell of a lot of doubters along the way, Tyler ended up with exactly what Morris Invest marketed to him: a cash-flowing property!

Ideally there'd be second factor requirements on any transfer, and especially "suspicious" ones (as defined by an entire team of people who monitor that sort of thing).Cookie theft and other takeover scenarios are a thing.