I'm thinking of taking things to the next level and using some of my equity to acquire more units. 

I Don't trust and believe they would handle business properly from what I see.

what are the pros and cons of targeting real estate owned by a trust?

That would obviously cost you a lot more than your tax savings, and you would have to trust your 19 year old to be responsible with a huge sum of money.But to your actual question, your son would have to meet the 2 year ownership requirement in order to qualify for the capital gains exclusion on his portion of the house sale. 

Before doing so, it should be said that investing in startups carries with it a very high level of risk.

Anthony Onwuanibe/Golden Trust title does a lot of types of real estate workAnyone at Cohen and Foreman can handle just abut anything to do with real estate.

We are very naive and trusting people, so we had major issues with contractors (had to fire the first one) giving us proper estimates and following through on their work in a timely manner, and sticking to budget.

Looking at a place tomorrow that could potentially be something like that (on a much smaller level) so very interested to hear how that worked out for you. 

Lauren Reed Hi, what is your level of administrative support?

I probably won't do out of state investing until i have more experiences or know someone that lives there that i trust.