McGaughe" on the subject.There are state and federal laws to consider.From the SEC website:The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:a bank, insurance company, registered investment company, business development company, or small business investment company;an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;a charitable organization, corporation, or partnership with assets exceeding $5 million;a director, executive officer, or general partner of the company selling the securities;a business in which all the equity owners are accredited investors;a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; ora trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.The aforementioned is personal opinion and none of the content should be construed a binding offer or agreement.

Gross rental income +/- $10K / month, including our unit.His goals: He wants to reduce his tax exposure and also wants to donate some of the proceeds to charities via a Charitable Trust.

True, charitable giving is a great part of the culture in obtaining wealth, I practice it myself.

Am currently in the process of identifying other properties I want and offering my lot as a barter.I'm also looking into tax benefits if I were to pay off the loan and give the lot away as a charitable donation.Best of luck to you.  

Since I know the income will support me forever, I am now focused on increasing earnings so I can be more charitable with the ultimate goal of $200,000 per year to charity.You have to figure this out for yourself.

we also make a pretty good salary between the 2 of us ( in the low 6 figure range) and have very good credit.   2 questions, for anyone feeling charitable to newcomers;   1. 

Mostly what I have seen this used for is for charitable causes or funding a lost relativeHowever there maybe something that I could be missing

If you're saving on the tax side you can always use some of those savings for charitable causes if you want.

A mortgage on the property also can screw it up too.He could transfer the property to a CRT (Charitable Remainder Trust) that would give him a partial deduction immediately, give him a fixed or variable income from the CRT, and spread the capital gains out over a period of up to 20 years.There's lots of options but it really depends on his situation and what goal he's trying to accomplish.

It's a big change in numbers there for me.It has to be passed. but California Senate President Pro Tempore Kevin de León, a Democrat, and two other senators, have introduced a bill in that state's legislature that would allow individual taxpayers to make a charitable donation to a new state fund and receive a credit for the full amount paid to that fund on their California income tax return.