What a great gift to pass to your heirs.

Everybody I know I bring a monthly gift to them.

Gift the house to me?

My husband and I have a family member willing to fund our live-in flip, but he is not gifting us the home. 

I have been able to buy Christmas gifts for children in need, donate supplies to families who were devastated by a house fire, purchase electric lawn mower for a home owner who had an allergy to carbon monoxide.  

The income calculation will be based on the limits in place at the time the program opens.Homebuyers must contribute at least $500 of their own funds toward the down payment and closing costs, although 60% of these funds may be received as a gift.

I once received as a gift a set of bits from my Dad which he claimed contained "everyone I have ever seen in my life."

This deal looks to me like you will be losing something like $500 a month.IDK how you're going to get a loan with 5% down if you're not living there.Doing this deal is a gift to your friend. 

It’s a great way to build credit and the best gift I ever gave my kids was good credit and how to MANAGE it (he’s never charged more on that card than he can pay with a single paycheck.  

Don't be afraid to leave them some $3 Trader Joes/Aldi wine as a welcome gift too - that'll guarantee your positive review :-) Best of luck!