Hi @Ravi Singh, If the LLC is a single member LLC and a disregarded entity, then you should be OK because it is treated as if you are the owner of the real estate anyway. 

Since the entity holding title would be a disregarded entity (I believe) that none of those will eliminate the cost from your DTI.

If you paid your llc, disregarding your son and his lower bracket, your expenses/write offs would be no different, but any “profit” going thru your llc would become taxable as ordinary income (with SS/med taxes) as opposed to the passive rental income it is now. 

And if you wanted to use disregarded LLCs for your purchases that is fine as well - at least for the LLCs that have either only or only her as the members.Since you've got some time between now and then you could also explore setting up those LLCs now even if they will be regarded entities.

Qualified indicia of ownership include holding legal title to the property and may include beneficial ownership under commercial law, or ownership through an entity that is disregarded for federal income tax purposes.b.

Why give a person a property at cost, that will be worth the same amount in 15 years disregarding inflation, with very little repairs or tenant repairs; plus give them a revenue stream to pay it off.There isn't a lot of Meat left on the Bone. 

@Marco TrimbornHi Marco, I have a LLC (disregarded) in each state that I have property which is owned by the “parent” LLC which is a WYoming LLC (files as a partnership) I guess it’s overkill but it works for me.

Does California also require that $800 on disregarded LLCs?

Also, let's disregard depreciation recapture for simplicity. 1.

If not you can disregard this.