If you feel so altruistic to invest $60k for no return I can think of many good charities where the money would be more beneficial.  

@Charity Johns You should be able to use the LREC contract for your subject-to. 

Giving is wonderful and to be commended but do it through a charity or to where people need help. 

Are they mostly charity or faith-based groups that offer housing support or something different? 

I understand that some investors choose to mix charity with business.

But, he said that single member LLCs do not offer great protection and so to make it multimember I can have an irrevocable trust own 1% with a charity as the beneficiary since I don't want relatives to be involved. 

I gave it away for years for free on BP.. to anyone who asked for it.. just asked for a small donation to the charity of their choice..

You are doing charity work. $125 month, $1,500 a year, $15,000 in 10 years.

So, if you want to do something like leave a large inheritance to your kids, or (probably more likely for people my age) to a cause/charity you *really* believe in and want to succeed after your death, WL is a pretty easy way to accomplish that.

Consider a CRT - all gains on sale are tax free and can take withdraws until death which then gets donated to a charity of her choice.