The idea being if mom needs to sell her junky house to a cash buyer in order pay for the care facility plus doesn't have to deal with repairs then hopefully your senior health care network contacts will remember you when they run across this which is supposedly often. 

Also, the cash flow of the paying notes will provide enough cushion to allow me to survive almost any crash.6 - Finally, I have about 10% of my portfolio allocated for investment in high(er) risk property investments - and while there’s no telling how I’ll do on this, in the past I have been able to purchase some volatile assets at very low prices and end up doing pretty well.  

The primary determinant (beyond the tax implications) is whether the lender will underwrite and permit the borrower to close in a company or require the individuals to be reflected on title. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

For the people who criticize you for paying too much to contractors ask which contractors they used when then fixed up their tax sale property.

I don't want them collecting rent and then driving both checks to the credit union to pay. 

Colorado Springs property tax seems ridiculously low compared to Austin and its surrounding areas. 

I am reaching out to this amazing community to tap into your collective wisdom and experiences.Has anyone here ever donated real estate for tax benefits? 

He was being foreclosed because at least one of his tenant wasn't paying and he couldn't afford the mortgage. 

Although 15 years is an eternity for an investor:)Why'd you pay "market price" if it needs work and under-rented?