While home ownership is usually associated with stability and security to many, that stability and security can be a double edge sword become if your circumstances change.When our parents and grandparents bought their homes, they probably expected to stay in the same area, near their families, working for the same employer for most of their life.

By adding you on title during his life, you could be subjecting yourself to larger capital gains later down the line than if you inherited the property.3) property tax issues - does your father have any parent-child exclusion left so that the property is not going to get reassessed partially as a result of this transfer? 

I was assured by both the former owner and my RE agent that he was a reliable tenant and was just waiting for funding from his parent company in South Africa.

@Joe Funari Hey Joe, I am actually looking to house-hack here in DFW as I move out of my parents house (just graduated college in December).

I have so much respect for my parents and grandparents generations as they did not have the world at their fingertips like we do today.

My parents sold a property with a solar system on the roof, and now the new buyers, are demanding the go to mediation in regards to who owes for the repairs.Thank you @sandratatum

My parents saw the homes being built in 1926 and this is not the case.  

My wife's parents own the adjacent 2.5 acres, and we have already agreed to buy their property/land within the next few years, then we'll have 5 acres.

You start to do, what if they rent to someone that you would disqualify(eviction within 2 years drug offense, child molestor).

I grow more eager the more I wait and BP articles are like parents scolding me.