@Katie Miller 100k to charity (store up treasures in heaven!)

Some of the best are thrift shops that support small local charities.

That said, you are not running a charity, and you need a paying tenant in your place.

Then I will be able to give more to charities etc...

If the district turns around, which is unlikely, you then profit again by either selling at higher returns to investors or reno and flip yourself at that point in time.Doing that now would be charity not investing.

This resource on the IRS website explains this issue:https://www.irs.gov/charities-non-profits/unrelate...This is not a simply subject so I recommend that you engage a qualified tax professional such as @Brandon Hall or @Steven Hamilton II to help you navigate through this issue. 

Business or charity, what exactly are you operating. 

The story goes on to say that none of the tenants had renters insurance, so when all their worldly belongings were completely destroyed in the fire, they had no way of starting over, relying public charity.

Originally posted by @Charity Goodwin:So i live in Lawrence County Alabama.. my dad couldn’t afford to pay to taxes on my grandmothers property for 2017 (she’s deceased, but his property) anyway.. he’s been in and out of hospital withh cancer can’t work (self employed, no health insurance) and i couldn’t pay it either... so scrimping and saving to get t back.. mean while the man that bought it in January-March at the sale has cleared off a lot of my dads personal property and been in the house which still holds all of my grandmothers personal items/furniture/pictures/ antiques etc... and is planning to have it logged off....can he do that ??? 

No place for emotions, charity  or subsidising of tenants rent.