As far as title companies go, I would recommend Foundation Title & Escrow.

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.

Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity. 

Of course in the JV deals I do where we  come into title I pay tax at the state level if there is tax. 

Every single beach STR looks identical so just being different can make a huge difference in numbers.  

I can't imagine the title claims @Jay Hinrichs  WOWSAS!! 

.* lis pendens is not just a note but a recorded cloud on title that there is pending litigation.

Now you have to explain it to the seller, to a title company.

My wife and I currently own two identical condos (3 bedroom/2 bath) in the same community.

Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).