I also sent them a $20 gift card, with the letter, as a nice gesture to hopefully ease any fears they may have about me as the new landlord of their home.

Also if they gifted to me what is tax liability on gifts?

And also because we love our country and our first responders that's why myself and some fellow BP members start aheroshome.org and we are at least half way toward our goal of gifting a brand new home to a deserving first responder.and one of my partners in our charity Brian Burke also started in law enforcement now he runs a HUGE syndication company with well over 2,000 doors.. all great things for many great reasons.

You can take some of the CF from your investment and give them a gift card to grocery store or something similar on a monthly basis.

@Gui Qiu,  You will definitely need an experienced professional to set this up.1) Property owned via foreign Corp : 2) Property owned via foreign Corp via US corp: Both of this will avoid estate and gift tax. 

Your son would be the initial minority holder.Have your lawyer set up a strong operating agreement that will not only provide asset protection but also keep your son as a non decision maker even if his shares interest increase in the holding LLC, making you the one in control.Every year, gift tax free to your son more interest in the holding LLC (up to the gift tax exemption fair market value).This holding LLC will file a 1065 and issue a K1 to all members.

Maybe offer half-off rent, or maybe offer to throw in a  $200 wal-mart gift card, something for the holidays.. for the right price/incentives, things can be rented!   

You'll also develop an appreciation for how little really good finishing work happens in this country, and how many dudes who pretend they can do this well are not gifted with quality tool-using genes.

Yes, the estate can and should pay the mortgage to preserve the asset.If the named beneficiary does not want the gift, they would disclaim the interest in writing pursuant to local law and it would then pass to the next named heir or as part of the residuary.

You can buy a gift card.