Thinking out loud...What if I gift or sell the property to the spouse at the initial purchase price.

Our jobs are easiest when we are dealing with well maintained homes, in decent areas, that draw in prospective tenants with means and options.

One of the easiest ways to run your contractor's is to ensure they are licensed and insured (this varies a little by location).

However, since most are in C areas, it's not been the easiest to sell. 

Tax records is the easiest way.

I probably have the most newbie question ever, but can anyone explain to me why there's a "2% rule" and why getting a loan and then having a tenant pay it off isn't the easiest way to gain an asset? 

We got a FHA loan with the seller paying our closing costs and my mother in law gifted us the down payment because we were broke!

@Chuck Toney, since you're not a 501 (c) charitable organization, you're parents can't "donate" the property to you and your sister.That being said, the IRS does allow "gifting."

My uncle gave all his living relatives, via his company, 4 gift notes or promissory notes.

Honestly, if I could be lucky enough to be gifted enough money to pay off my mortgage, and enough for this house, I would give it to them !!!