The parent transfers income to a lower tax bracket.It's valid, but it has to pass the sniff test without being eyebrow raising.

@Elise Marquette I am in the process of getting a credit card right now and I just got out on as an authorized user of my parents credit card.

Did you have parent on the loan application with you?

I was thinking to somehow acquire the property for next to nothing from the current owners who will likely get an insurance payout, use my connections with my old company and suppliers along with BP and other resources to demo (if not complete already) and rebuild with a combination of donated materials, money, time, and whatever paid services may be required. 

Hey everyone.I am currently service in the Oregon Air National Guard and would like to pay for a Central A/C unit to be installed at my parents property in Buckeye Arizona (By Luke AFB in Phoenix).

The house that I currently live in is in my parents name.

Purchase price: $245,000 Cash invested: $35,000 Partnership between my fiancé and I and my parents.

I did find something called a "Parent-Child Exclusion From Reassessment" and it states, "The Claim for Reassessment Exclusion for Transfer Between Parent and Child form is filed when applying for an exclusion from reassessment on property transferred between parents and children.

I haven’t started building credit yet because my parents isn’t great so I have to wait until I’m 18.

I know it is common for the parents of university students to buy condos for the duration of their kids university education.