Quote from @Aaron Wolman: Yes, these charges are fair.

., $300 for paint and supplies) and add a fair hourly rate for labor.

If first time home buyers are having a difficult time coming up with the funds for even the costs to play as a first time home buyer then are the non profits supposed to pay the buyers agent commission too? 

I highly recommend you play with that tool to start getting an understanding of what things you can do to positively affect your credit! 

They loved it because they got some play money right away and steady income each month without having to deal with toilets and tenants.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

I have stayed fairly local.

Quote from @Rereloluwa Fatunmbi: Quote from @V.G Jason: You literally jumped in the fray of an oversaturated play in a really suspect area of Houston. 

To ty Coos county and Bend together brought back memories of a trip I took in the late 90s when Bandon Dunes first opened.Friend of mine in Santa Rosa has a home at Cross Water and a hanger there at the airport and of course a nice turbine twin to put in it.We departed SR for Bandon  played golf that day spent the night at  Bandon dunes  got up early  played 18 holes at Bandon again jumped into his bird flew over to Sunriver got there by 12  teed off at cross water at about 1pm and played 18 holes there.. so may one of the few 4 somes to ever play Bandon and Cross water in Sunriver on the same day  LOL..   

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.