a few follow up questions...
1) would there be an disadvantage to him if he does not live in that home with us?
2) if/when he passes, would the yearly letters of equity be enough to show that we own X % of the 400k. at which point if he has not transferred enough equity would we only have to pay taxes on the remainder
3) what about Mikes comment that if all three of our names are on the Title then technically each of us own 1/3 of the house and he would be gifting the whole amount on the front end? from what I read that technically would not be an issue since if would be no were near 12 M lifetime max and would be tax free to him.
