And being next door to my parents would have its advantages.

You see, I have a child support order against me for my 2yr old son.

And, as long as the gift is coming from a family member, generally no seasoning is required; what will be required though is bank statements proving where the money came from and a gift letter signed by both parties.I'm closing one next week where the money was just transferred from parents to son last week -- once the bank statements were available and the gift letter was signed, the info went straight to the underwriter for approval.

I don't pay rent since I live with my parents :roll:.

I grew up during the real estate bubble and saw my parents go from one house to the next capitalizing on the equity every 2-3 years to build wealth.

In addition to you IRA not being allowed to benefit you (and vice-versa), it is also not allowed to benefit you lineal relatives (parents, children, grandparents, etc)...By sharing ownership with your father, your IRA would be benefitting him and vice-versa...

But the bigger danger is something serious like child porn. 

The first is my parent's house, located about 1.5 miles from ours.

I'm buying a property where the owner, whose the daughter and sole child of the original owner, inherited the property from her Father via will.

With a two year old child, my husband thinks this idea may add a lot of extra property management work.