That to me is the simplest deal structure and the least "risk to you" as you aren't waiting for the final home to complete to be paid, as I understand it most construction loans close on the "dirt" up front....although like everything in real estate its infinitely negotiable and changeable.  

@Matthew HullIt’s the same as traditional closing.

I got skiddish and did not close.. same houses a year later are going to sale at the courthouse steps for 30 to 60k..

Hey @Melanie Dupuis did you guyz end up closing the deal ?

Since I will have owned it only 3 years, the property value increase is minimal ($35K) and closer to $15K once I pay a listing agent and closing fees.2) Gift it to #2 son now and let him pay the Capital Gains tax at his rate (0%) when we sell next year. 

Account Closed  Let me know if we could be of assistance, we don't lock anyone to any long term contracts or penalizing to get out of.  

There is no way I could pay close to that amount with risk on needing a full interior rehab. 

Though we haven’t closed our first deal yet, we’re ready to jump and pull the rip cord as soon as our coach gives the green light!

It is super important that you are very knowledgeable about your state landlord and tenant laws, to best prepare yourself for how to conduct your communications, and the essential do's and dont's that will save you in legal fee's if there is a simple mistake made. 

Regarding number one, while it may or may not be legally necessary (not sure), I think it's a good idea to have a separate account for each entity.