@Letitia Glenn everyone agrees this is a bad idea.

Hi all, I've successfully completed a couple fix/flip projects to generate some cash I'd like to put towards a quality multi-family.  

This elderly gentleman said that the property has served him well for many years and it was time to hand it over to some else.The property is in pretty bad shape so my team and myself have decided to fix it up and give it to someone else in need for ZERO dollars also.I was hoping that you could point me in the right direction of how I can do something like this and to who I should give this house.I really want to give it to someone that has been suffering for a long time and is need of a home.Thanks so much and I’m really looking forward to your suggestions so please comment below and let me know your thoughts.

If this is the whole story, I don't think it's that bad, and I am tempted to rent to them, but I don't know what else.

You should always ask if you don't understand something, it can easily keep you from making a bad deal.By 'automatic equity at purchase' I mean you should be able to get the property for 5k-15k  below market, thus 'earning' automatic equity.

Thanks for the quality site BP!

@Zach Mitchell I'll give them the benefit of the doubt before disclosing their name and maybe give them an undeserved bad reputation :)This person is more like a project manager but he prices the work himself and I pay him, not the workers.

When we are underwriting an acquisition, I might glance at the market CAP just as a stick-in-the-ground reference, but will base our offer on the performance of the business and the quality of the revenue streams.  

There is a good thinker that says the neighberhood can be as important as the quality of the property that your investing in as far as value goes.Take advantage of people are more motivated and are willing to help people close.  

Even Donald Trump, with a starting grubstake of $58,000,000.00 and a billionaire father consignor ( of loans "only" up to $100,000,000.00), and working in his father's real estate business since the age of eleven (collecting the coins from the laundry rooms in his fathers apartment houses, where I first met him), saw the need for a quality education and attended and graduated from the University of Pennsylvania Wharton School of Business with a Bachelor of Business degree with a major in Real Estate.So the point is that education and experience are the necessary ingredients for a successful career in real estate investing.