I have no buyer and it is hard to reach out to any businesses at this time.Moral of the story: No matter how good you wrap the gift, some people never appreciate the value of it.So my offer to any other investor out there (as I need to start blasting this out to any sight I can think of), if you would like to joint venture with me and make some easy money:  I provide deal and rehab crew-lined up ready to go you provide funds, we split profit 50/50.Purchase price of: $65,000.00 for purchase TomorrowRehab: $50,000.00 (2 months or less) as I want it on market by springAll in cost: $115,000.00ARV: $190,000We can list at $184,900 or $179,900 for easy dunk, sell at $175,000 if not more, minus fees, we take away approximate: $50,000 which would be about $25,000 profit for each of us.Let me know if you are interested and you are seriously able to provide funding for tomorrow.

I also purchase Home Depot gift cards through Raise.com and Cardpool.com at 9 to 10 percent off their face value and couple these with the coupons.  

Please see my photo damages of what some of my tenants had left me as a gift called "Damages" on this site.A Judge will never award you a Judgment for such a clean up. 

So if your friend is offering you 20%, take and be very, very, thankful because gifts like that come by very rarely, if ever at all.Thanks for sharing your wonderful opportunity.

I don't recommend holding property in a corporation unless its for resale as inventory, but I just thought Id mention it since I dont really know the intricate details of your particular scenario or goals with these properties.

Most agents here in Dallas will accept a gift outside of escrow for services render.

The landlords in my area compete for section 8 tenants and let them move in for $0 security deposit and give them questionable gift card bonuses for move in and renewals (which I believe violate the terms of the section 8 agreement).The people that will settle for crappy houses in a crappy area are those with lengthy criminal and eviction records that can't get approved for nicer houses.

After talking with one mortgage broker however, I was told that I could not accept gifts from outside parties to help fund this transcation and that the money would have to come entirely from me.

Also, you can be gifted the down payment from a relative.

Owner financing is not a gift from heaven.