There are very few good excuses for wasting a gift like that and the cost of the eviction is not one of them.That's too bad, sounds like you could have had a nice cash-flowing property cheap.

i want to access equity from a gifted property but im not sure if the monthly payment would be within underwriting guidelines.

You don't waste there time, you bring them a gift a couple times a year and they will have your back.

They just had a baby so we thought we'd get a gift and $25 and pay them for the trouble.

For a good tenant (who pays rent on time, does not damage the property, no drama) we will occasionally give a "thank you" gift of professionally cleaning their traffic areas.

After you see all of the testimonials from people sitting on romantic verandas over looking Key West and going on and on about how they now have this incredible net worth, blah, blah, blah!

Family deed transfer can be done too where your parents can gift you equity and set the price at fulll appraised value then gift you the spread between appraised value and cash they want.

@Joe S.The greatest gift I ever received was my beautiful daughter.

The broker then does it as a gift to the seller.

See what you can do to bump up those credit scores in the meantime.One thing to keep in mind, the IRS may see the difference between the FMV and your purchase price as a "gift," which will have tax implications.You really need to talk this all through with a good RE attorney and CPA (I'm neither, BTW).