That will get you started on the right foot.

If you can’t find properties with similar specs, look at the price per square foot for the houses sold in that area.

It's essentially  a way to shift income from your 20,30%+ tax bracket to the child's 0%. 

Is there a way to transfer a parent's home to their child/children without paying taxes?

I have a child and family therapist practice and I live in 2 states.

The ex-boyfriend has a history of drug-use, is three months behind on the mortgage, is tied up in another legal battle involving custody of a child from a previous relationship, and is unwilling to speak with my sister, or anyone else in his life for that matter.

The ex-boyfriend has a history of drug-use, is three months behind on the mortgage, is tied up in another legal battle involving custody of a child from a previous relationship, and is unwilling to speak with my sister, or anyone else in his life for that matter.

The price per square foot is better and the property taxes are much lower. 

You'll need to find out what the issue was re the child and do your due diligence before assuming the tenant.

Price per square foot is a good start, also reach out to a local developer or builder and see if they can give you some insight!