We strive to keep this event low cost and high value (with no selling whatsoever and all proceeds going to charity).

A solid long-term strategy (for apartment investing, everything is long-term :) is to find a local charity you are passionate about and try to get on the board over time.

The point to all of this (to me) is to A)Build up enough independent income such that you're largely immune from needing "a job", B)Have enough money such that you can provide some security for your family,C)Have enough money so that you can provide funds to things important to you (charity, church, etc),D)Have enough money so that you can enjoy things in life that genuinely make you happy.If you are all the way down to D, then I personally don't see what is wrong with it.

I am not unbiased as we are working on our charity together. however I will say that I recommend you visit their world headquarters in Memphis quite impressive..

If you take all your profits and donate to charity there is no tax. 

Raise there rent to market if you are operating a business, give them a discount under market, if you are operating a charity.

And also because we love our country and our first responders that's why myself and some fellow BP members start aheroshome.org and we are at least half way toward our goal of gifting a brand new home to a deserving first responder.and one of my partners in our charity Brian Burke also started in law enforcement now he runs a HUGE syndication company with well over 2,000 doors.. all great things for many great reasons.

I’ve read so much about running a charity vs a business, raising rents slowly, good tenants are like gold, cost of vacancy, etc.

You know, because I'm not a charity and my mortgage company kind of wants their money too.

So for smaller guys, you really don't need to be exact to make really good profit, and for bigger companies they have a ton of experience and analysis infrastructure they don't want to trade the liability for the charity.