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Would it make more sense for us to buy the house with him and us on the deed and mortgage, and then he collects the rent as the owner, and pays the entire mortgage? In that case, how do we structure the deal?

Bottom line... stop wasting your time asking the well-intentioned people on this board and spend some time and dollars and consult with both legal and tax counsel who can review your complete situation and give you the appropriate guidance.

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