That works whether you get a gift from your dad and owe him $10 in interest, borrow it from the HELOC and owe a $1000 in interest, or you have it lying around.

What I'm trying to understanding better is creative financing, analyzing the surrounding markets, making connections, and many of the other industry-specific concepts that can really only be learned through real-life experience.The idea of REI came about between myself and my friends because one of them has access to a large amount of capital that he received from his parents as a gift.

From the tax standpoint, unless you signed a contract entitling them to partial ownership or income rights on the property, you essentially gave them a gift when giving them the funds from the sale.

They are:* A welcome email and invitation to join our group's monthly drawing for a gift card* An offer to help any way I can (recommendations for things around town, etc.)* An offer to send them my vendor list (this one gets HUGE response)* An offer to join Homebot for their homes here or up north* A question of who keeps them up to date on the sales in their neighborhood and an offer to be that person.

Some people need heaps of positive affirmation and they want you to keep their stuff as a gift and be grateful.I agree with @Bill Brandt as well, people are strange.

To do so, you'll have several different types of tax consequences to consider: property, income, gift, etc.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

If I don't sell the rental, what kind of lenders offer loans so I can buy back the other portion that was gifted to the nonprofit?  

Or how you had some crazy tenant that the only way to get them out was paying them with a gift card to the liquor store? 

Someone told me to treat the transfer as 1 for 1, and then treat the 2nd lot separately as a gift donation. 

Was gifted down payment and received conventional loan.