I've known new investors who have lost more than $50K on coaching programs so count your blessings and learn from your mistake.

Any amount above the annual gift tax exclusion ($17,000 for 2023) counts against your lifetime exemption.

Also, I believe I saw somewhere that the mortgage won't count against the original owners DTI after a period of time if they show someone else is paying the mortgage.

If you plan renting out this property, that cost recovery comes from cash flow (equity doesn't count). 

Hopefully someone else will actually have something positive to contribute, instead of a rude response that adds no value, and just adds to post count. 

lol not sure what I am getting into this year but always looking. really trying to grow the unit count. i probably won't do a flip.

to be fair to property providers financial estimates are just that.. you cant count on them to be perfect. 

The equity is actually what you are paying for the property.In this case let's look at the numbers that count,...the current numbers.You have about $500k or more in equity, which is buying you a property that's worth about $700k (I went with the lower PV. 

Account Closed I have had tremendous success using direct mail and mailing the owner of record where the tax bills get mailed to.Generally, property management companies don’t pay the real estate taxes so this gets me right to the owner.Targeting wise, I would just do a zip code filtered by unit count using a service like listsource.  

Combine that with insurance raising rates not just for dropping licensee count, but also to cover increased lawsuit risks.