The tax exempt gift limit is $30K/year. 

@Russell Brazil Fortunately attorney brokers are exempt from CE in the Commonwealth of Massachusetts. 

Or just gift it to the son and file a gift tax return, charging against lifetime limit (50/50 with spouse on gift, so that's 1/2 value against the $5.5 million each has in estate tax exemption).Or just gift the kid the income (but that doesn't get around paying taxes at his rate, in the first place).

Texas taxes and or exempts residential rehabs depending how the contract is structured.

I haven't run into that particular exemption before.  

There is also a short term gain (held property for < year), so the gain is also taxed at a rate that can range from 10 to 39% based on your tax bracket.Also, sometimes you will have a CPA tell you, if you were to stall the rehab or sale of the property and sell it just after the 12 month mark, that would exempt you from the SE tax, that is also wrong advise.

Assuming you even get a title policy, there could be a title flaw and the title company refuses to pay a claim ... ever hear of an insurance company finding an exemption in those impossible to read policies?

Attached - screenshot of a public records request data return from 4 days ago - all taxpayer names (optionally exempt from website disclosure) for about 727,214 parcels... total cost?

If seller does qualify for the primary residence exemption she will not pay tax on the capital gain portion of the sale but the interest would be taxed as ordinary income.

Social security, pensions, and retirement plans are exempt from garnishment.