My retort if I could have gotten it to roll off my lips would have been, "You are buying the house, you just are buying it for your landlord, and not for yourself!"

I used to do grace periods until the 5th, but everyone ended up just paying on the 5th...When a tenant balks about the late fee that I enforce, I remind them that giving their landlord attitude or lip about late fees they agreed to in the lease when paying rent late, is not in their best interest...And yes I've done this...Post 3 day notice to pay or vacate as soon as grace period is up.

Remember that you need to put in more then you take out, fill up your partner's love tank and I hope that you leave Detroit many years from now as a guy that made a fortune at a time that others merely blushed and dated a better looking suburb.  

I walk the pool if there is one on the property to see what the plaster/pebbletec looks like and the underside of the lip.  

And while I believe most lenders tend to the ethical side, it's the people who aren't that force us to create rules/regulations to protect everyone else.There does seem to be some nick-nack fees there, but all told, at that rate, it seems like you should just zip the lip, grab that cash, and RUN!

But where they love to go is in small crevices. they love to hide in the lip of the mattress.

At first blush, donating housing sounds like something you might be able to claim, again, as a donation- not as the church operating the multifamily- but even as a financial planner tax rules make my head hurt so please talk to a CPA before making any promises

Lip stick only, some major repairs, upgrades, etc? 

Don't be surprised if local law enforcement is tight lipped about what they know and what they are doing.

Besides lick my lips- I would owner finance and pitch a partnership with the seller!