Offer your thoughts or opinion on the input financial query or topic using your financial background.

Better to rent condo to daughter or put her on title?
Obviously you have done well financially in order to be able to purchase a condo for cash, presumably, without risk of your other obligations.  To put things in perspective, we are probably talking about less than $5,000 in tax savings.   If she is on the title then she is a co-owner.  Are you okay with that?  You would essentially be giving this child a 50% stake in a property without compensation.  Will your other children be okay with it? As your question stated you would prefer to not have her as an owner.  However, is it better to not have her as an owner, So I would buy the condo without her on the title and just pay the extra $100 per month in property tax.  It is probably "small potatoes" in comparison to your net worth. I would also only charge her at most your cost of carrying the property as rent.  While you will create income all of it (and probably more) could be written off as costs.  There should be no income tax burden created from this situation.  Your accountant can help with any paperwork that needs to be filed.