Unless you just like to pay the state and your cpa extra fees, just send them a gift.

side note: Sellers gave between $50-$250 a year gift cards to each tenant annually - they were super sweet people and got walked all over by their tenants. 

If he was gifted the money for the down payment from his parents, would that mean he should have played you more money for the house?

i read that in my area 30% of home buyers buys new fridge even if they got a new one with the house.my idea is instead of buying new appliances to have in the house just to give a credit/gift card with X amount of dollars to the buyer to go and buy what ever he/she likes. opinions?

They are the gift that keeps on giving, without all the paperwork and pain.

If you're going to have your mother's interest in a year, either through inheritance, gift, or paying her for it, once you have it, you could refinance and buy out your aunt at the same time, skipping the whole one-year note business.

If the property is gifted, there is no stepped-up basis, which would be beneficial to the brothers.The best way would be to acquire the property via inheritance so that bothers get stepped up basis.We can make this all complicated with trust and stuff if needed.Sometimes State transfer taxes can be minimized by transferring property to a single-member LLC and then selling the LLC interest instead of the property.

Maybe you can see if mom in law can do something with gifting $14k to you, wife and kids but make sure your tax is less than her if you go that route. 

Are there gift tax implications to worry about after adding my name to the deed?

We got pre-approved and the mortgage agent suggested a gift of equity, but from what I'm reading the max would be $50k or so and a portion of that would go to complete the down payment to avoid PMI.