I guess if you bought someone with a broken arm a bottle of whiskey it would help them out for a while.What would really be interesting is if they created a tax incentive that allowed an investor to create a seller second on a property they sold to a home buyer, then they could turn around and donate the note to a charity and get a tax credit for the amount of the note.

If you do it the other way around, you run a charity.

After seeing other people's posts about severely undercharging rent and feeling bad about increasing rent, owning a rental property is a business not a charity.

I found this property advertised on Craigslist for $10,000 and after reaching out to the nice gentlemen in south Florida that explained that he was helping a friend at a charity that received the property by donation, I thought this has to be legitimate…..

Make it very clear that you are not a charity and that she is not to ever ask to be allowed to make late payments. 

I found this property advertised on Craigslist for $10,000 and after reaching out to the nice gentlemen in south Florida that explained that he was helping a friend at a charity that received the property by donation….sketchy..We settled on $8,500 and after a few months of work and about $25k it was as good as new.

However, they have a restricted appraisal and I'm not sure if I can use that to verify that I am doing a "bargain sale" to a charity.

If they still work, you can also post them for sale or call and see if a charity wants to take them.

However, you have to realize that you are running a business, not a charity.  

If you do not know the rules you can not you expect to know if a PM is doing their job.Also if you intend to operate a business rather than a charity and market rent is $700 raise the rents to $700.