In the meantime, you can use Airbnb to make some cash flow.There are a lot of options like 'Employee Stock Ownership Plan', 'Conservation Easement', 'Charitable Remainder Trust' and etc. 

I also recently formed a charitable organization called "Flipping For Charity", which will be doing our first deal some time in early 2015.  

There are charitable organizations that will often take the whole lot and throw away what they do not want for you.Good luck either way.

I would really appreciate any take you have on how to get around that obstacle.My reasons for real estate investing are simple:1) I would like to be able to have a supplemental income so my wife will not have to work once we have kids.2) Eventually, I would like to be able to quit my current job and become a full time investor so that I can have more control over my schedule.3) I would like to launch a charitable organization that specializes in "fixing" a neighborhood's reputation out of my business once my other goals have been reached.Thank you so much in advance for any advice, encouragement, or networking

Accepting a charitable tax deduction for all or part of the equity?

What I particularly enjoyed was how Chris tied a charitable and physical element into his investing with running an ultra marathon.

I love fallacious assumptions about the charitable and forgiving nature of the state and federal government.

Per IRS, "...the total of your charitable contributions deduction and certain other itemized deductions may be limited if your adjusted gross income is more than: $152,525 if married filing separately, $254,200 if single......The amount you can deduct for charitable contributions cannot be more than 50% of your adjusted gross income.

Tom, this is a great story about using your wealth to provide a charitable service.

But if you are being charitable with your business, you won't have a business long-term.