They did not buy them as an investment (they bought them to rent to some people that needed a place to live from a charity they are involved in - kind of a weird situation), but it opened my eyes to the opportunities there.  

There could be plenty of pricing models1) Like Diet.com people would put money in a pot and the one that doesn't prospect loosing out2) Charge like Coach.me, $15 a week3) stickk.com is another similar site with models where people donate money to charity or loose money to an anti-charity if the tasks are not done.Thoughts?

Speak to him about raising the rent to $850 and allow him a couple of month to find another place to live while you seek a replacement tenant that can afford the unit and that will not be a financial burden on your investment.Now is the best time for you to decide if you are investing as a business or as a charity.

This is not a investment on your part it is simply charity and is going to turn into a huge money pit.

Your parents can afford to pay the tax gain now, let them do that and watch you develop and make something of it while their still alive, tell them you want them to see what can be done, and if you need more $$$ ask them down the road to do more.Trusts are good way to avoid probate, and make other choices but they can be dragged out and if your not the one calling the shots as the trustee the one that manages the trust after they are gone then LIMBO is the game.Example at gift to beneficiary a charity was set at % amount.. what has to happen is a complete disclosure of assets, done by accountant, submitted by trust attorney to the beneficiary attorney so they can accept or ask for more detail on the accounting summary.. long and short of it.. more costs to the trust..

We meet monthly; get 12-20 people showing up and paying $10 that is donated to charity.

This situation is going  to be a downward spiral and unless you are intending to operate as a charity it is time to cut your loses and find a new tenant.

Rules including but not limited to;Tithing, if you're religious- When I was religious I never really understood why I "had' to tithe to reach success in business.Using the law of attraction- I am a positive thinker so I use this method for the most part.Donating to charity/iesCutting off ALL friends that aren't motivating or doing anything with their lives....Completely cutting them off, as in not even an occasional catch up lunch.

Then two weeks later I get a notification that a retiring landlord Jay Hinrichs wants to give away a free duplex to a young investor in the area, whom can rehab the property, post pictures online for others to learn, rent the property, and donate $50 /mo to charity.

When I started with a secured card it was only a $200 limit, so I set up a $5/month donation to a charity and set up auto pay so I never had to think about it, and never even carried the card.