The way we structured it was that the 5% commission was a "gift" to my wife who was also on the loan/title.

You could add your name to his property, you should be able to contact your favorite title company to assist with that. 

Favorite communities are:Windsor at WestsideParadise PalmsSolterraBroadening my budget a bit to 200K-350K, hoping for 4-5 bedrooms with its own pool (open to townhome or SFH.)Anyone have strong feelings about these communities? 

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

From what I have read, this is viewed as a "gift" and so the capital gains tax implications change based on local laws/regulations.

Fun fact; fire departments call eichlers a "box of matches" lol.One of my favorite value adds are blowing out common walls on old VA homes in the South Bay. 1100 sq ft 4 bds.

I am a co My nephew and I were on the deed from 2019-2022, then he transferred to me as sole owner as a “gift” since he doesn’t want to pay mortgage anymore.

**This is my favorite** Buy the rental with seller financing, private money loan, or commercial loan in an LLC.

The 10-year units are a gift of technology I have happily adopted.I appreciate the comments through this thread about maintenance responsibility and risk.