But I think retirement accounts are good irrevocable trusts ( I think are good and we look at those when we get my age which I am doing) Charitable remainder trust I would think could be good..

For example, if I put $50k into a conservation easement, I'd get roughly a $225k charitable contribution deduction.

Some possibilities include:Keeping the building and renting it out for incomeSelling the building and investing the proceeds in other assetsUsing the building for a business or commercial enterpriseDonating the building to a charitable organizationIt will depend on your financial goals, risk tolerance and tax situation.

I have sent a letter of inquiry to some of the supposed charitable foundations.

I could do a 1031, frankly, prices are too high right now and this is not what I am interested in.If I donate this to a charitable remainder unitrust, say at 7% (I'm 55, wife 50), without depreciation considerations my tax deduction is around 10K.  

Intent is intent, regardless of whether you write it down or not...and it's just not clear to me what I'm writing down to try to convince them that the intent is something other than what my actions are indicating.For example, if I write down that I intend to donate the property, do I get to treat the property as a charitable donation, even if my actions (not donating it) indicate intent different from what I wrote down.I'm not trying to be obnoxious or argumentative -- I'm sincerely curious how I might be able to treat my flips as capital assets instead of inventory.

The only reason there are section 8 now is because the property has been owned by a charitable organization for the last 20 years and they help elderly people when they need housing, through their churches I believe.

And while I know that sometimes people seem to make more than enough to make the payments, there are simply people out there that don't think they should be spending any of that on paying the rent.If she's really a decent person that needs a break and you're feeling charitable, then consider it with a 2 month deposit OR get her to get a relative to co-sign on the loan.

If you prefer to be charitable and allow them to live rent free then so be it, it's your decision.Either way the decision is easy.

The City can handle that too.I contacted 12 charitable organizations and nobody wants that lot (that was before the back taxes were accruing).