The bank will question where the money came from, and we will have exposure to gift tax/exclusion reporting.

For those without your gift or skills, which I think is most people, a free and clear primary residence is a fine goal.

I usually take my Chase card and buy HD cards at staples so I get 5X for every dollar I spend and than just use those until I'm low and go back and buy more gift cards ...

I am thinking I begin a LLC and pull a fha gift equity loan from a lender to buy the house.

Sounds like dad gifted the property and some of the improvements made to the property, then the son built the house.

If one of you is exempt from the VAs funding fee, it's a hard loan to beat.Alternative/additional option, ask about him doing a gift of equity.

So it's that simple to take title to a "gifted" home. 

I send all my tenants holiday cards with a gift card (if they've been good tenants).

Roofstock should at least send Jason a holiday gift basket, like a few bottles of wine + dried fruits&nuts tray.

(Billy Bob with a 642 FICO and three different gifts from three different family members for his down payment that also needs to pay off 2 credit cards and a car loan to qualify... he's not closing in 21 days.)Aaaaaaaand then six months later when you own the place, when timing/reliability mean nothing, and rate means everything, refinance.