One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation.

Your mommy might have the money to loan her dearly beloved son to buy a house on a cash contract.

Long story short, because of my DTI, I am trying to get creative and need some advise:1) My son and I can purchase the house together but we don't have the down payment (can fund the renovation). 

I paid to get her son's car fixed because he had no job or money (no he wasn't 17, he was a grown man).  

As you know on the house we are building in San Clemente, our son Michael drew those up in 3 days.

Excellent choice on naming your son, too.  

The story is that the owner of property passed a way 7 months ago and left his wife and son with a housing financial burden. 

I do not know any of you well, but because of BP my son is slowly investing in real estate.  

I never bought another property except my personal residences in the bay area I kept moving up from Milpitas to Palo Alto to Napa valley each time making 6 figure appreciation profits with no tax.

His son signed the notice and never told his father.