In order for their to be interaction, it would need to be a claim that involved both wind and some other covered perils. 

An accountant would help here, as you can make gifts to family members every year to a certain amount tax-free.Finally, you could simply sign over the dead to your son, if you trust him to pay you back over time.

We already have a shared personal bank account.

I got my real estate license so I could learn more and be involved. 

Had I accounted for the additional California capital gains taxes in my original calculation I may have opted for the exchange...

Hi Eric, I'll leave the accounting question to the accountant.

I am an attorney and will be very involved in the startup and go forward of the business and building out of the sales and property management sides. 

In 12 years that I managed my own rentals in ON there had been a few instances where I had to deal with problematic tenants and each time we resolved our issues without involving LTB.

Even though the intent was to hold the buyer harmless, he’s still involved in a suit, which means you need his permission to run that risk on him.Bonding over a lien is done all the time, but it’s not substitution, and it needs the buyer’s permission.

Its not ideal but it can stem the bleeding in your bank account.