I had to get a signed affidavit from them saying this was a "gift" and not a loan that was expected to be repaid.

Code may have been different in your area than mine, but I find homes built at that time to be better built than new homes.Check the wiring - I usually only see aluminium wires in homes built in the 70's, but could be there in the 60's.

Hey all - quick question that I haven't been able to find the answer to...Can I use gift money (from parents, friends, family, etc.) when completing an ALL-CASH home purchase?

I'd check with your Dad's CPA ....he may be able to gift some portions of the land before the sale.

Columbia University has the fee simple ownership, but received it via a gift years back, the terms of the gift prohibiting its sale.

Do you really want someone who thinks he is God's gift to the world?

You can have them gift you equity towards a down payment.

I should also mention that Bill ordered a new Corvette as his retirement gift to himself.They had the movers come pickup their belongings and closed on their house.

Could @Lindsey Leemis arrange for her friends to "gift" her money under the annual limits and forego any treatment of the property as investment?  

Had a brand new stove that had been a wedding gift in the home they broke the glass cook top and busted the door on it.