After looking at what might be in the upwards of $30,000 to update the house and paying HOA fees of $175 per month we decided that the best thing for us both was to donate the property to charity.

Shake things up = get involved in a new charity,  go to a non-real estate related networking group,  take an old friend to lunch just for the sake of catching up, etc. 

According to that chapter, an “outright gift of the cash investment is acceptable if the donor is” one of the following: The borrower’s relative / family memberThe borrower’s employer or labor unionA close friend who has a “clearly defined and documented interest” in the borrowerAn approved charity organizationA public entity or government agency that offers assistance to (A) first-time home buyers or (B) families with low to moderate incomeThis just handles the down payment funds.

Imho the problem with these situations is that once they fall behind, these tenants start digging a hole for themselves that they will not be able to get out...unfortunately.If you want to be nice, tell them that you give them a week to move, otherwise serve the notice and start the process....unless you're running a charity.

This space would also be perfect for charity events, school dances, festivals, farmers markets as well as many other events.

I strongly believe that Charity such as sharing your success stories, teaching classes for free, meeting with people that need your help, posting here on BP, etc...

@Derek BennetsenSee the following for rules regarding UBIT and UDFI.https://www.irs.gov/charities-non-profits/unrelated-business-income-taxhttps://www.irs.gov/irm/part7/irm_07-027-008.htmlUnrelated business Income TaxThe Unrelated Business Income Tax (UBIT) is assessed when a tax-exempt entity, such as an IRA or solo 401k plan, engages in a business activity that is not related to its general purpose.

But I am fairly certain it doesn't work like that in any instance since they are not providing to a charity/non-profit.Now if you are talking about funds to use on your next home purchase, then no it cannot be counted as a gift.

I've learned quite a bit doing this ... one thing my parents didn't realize was the charity they chose was not tax deductible because they designated a " % percentage" rather than a set amount.. so I couldn't right off 45K as a deduction.. lesson learned if I set up a trust for myself. 

Just compare the old new reel showing the lines of dejected people,usually too proud to take charityAgain, if they were too proud to take charity, why were they standing in food lines?