I'm wondering if it's a viable idea to build a charity around the idea of buying distressed notes with the intent to forgive them outright. 

I would be willing to help out if you have a charity project that could use any of my expertise.

You aren’t a charity or a non-profit, so everything’s going to cost money.

ONe of the big wholesaler jumped on another thread offering to go drive by and made the comment  ( hey I probably sold them the house)  OK so wholesaler makes moneycontractor makes money.. don't think oceanpointe was doing this a charity someone had to own these and want the owner profit.. then you have the marketing company and you and I know what they make.So you add that all up and there is not enough gross revenue to feed all the mouths.. so what gets done is you buy the worse hood rats for next to nothing.. market them like they are top shelf investments.. sell them to a bunch of newer or newbie investors who don't know what they don't know but because you have this huge social media presence they are inclined to trust you. 

In some trusts nobody has the power to sell property in the trust; as per example a remainder charitable trust where the property has already been transferred to a charity after the beneficiary passes. 

Do not listen to the sob stories, essentially this is a business not a charity.3.

Not too shabby for a man that people thought wouldn't amount to much more than a charity case.

I have never had a tenant leave as a result of a annual rent increase.Landlords that charge below market and do not apply annual rent increases are operating a charity/business due to their lack of understanding of the business.That is OK for mom and pop, since they care little about the money, but for a successful business that is not appropriate.

If you become a charity for everyone's hard luck story and life decisions you will go under quick.Your bank you need to pay your mortgage too doesn't care about your tenants hard luck stories.No legal advice

He's a business, not a charity.