Non-profit or not, it will be UW as a business...the non-profit designation doesn't eliminate the lending review, just makes the proceeds non-taxable in order to be put to charitable use.

Good luck to all of us = )   Actually I'm a partner with 2 other seasoned note investors and we have our own Reg D equity fund that buys 1st position NPLs and RPLs with a preferred return and profit split to our investors.

Everyone wants to buy a foreclosure until they get to see inside the property.Look at what this guy won at the tax foreclosure option.https://www.13abc.com/2024/02/25/buyer-beware-local-man-buys...It's not always pretty, profitable, and fast flipping like they show on TV and YouTube.

Profit split (20–50% if the deal does well).

Any business can be profitable if done correctly.Look at your own video.

For example if you wanted to gift $100k to your child to purchase a business, it may be best to make your child manager, with say a 20% interest, while you and or your spouse maintain a 80% interest.  100% of any net income can still be received by your child as manger, or even for just his 20% interest, as profit allocation  need not align with ownership percentage in an LLC.

@Sebastian Tamburro you're going to get advice/offers from numerous people trying to profit off you - be careful!

This helps assess profitability.7.

Profits are much better and less of a hassle than dealing with short term/ airbnb. 

All recent increases and near-term future increases are just gambling.