The outcome probably depends on the wording of your lease and any related paperwork.Example: Thank you tenant for your $X payment for your first and last months of the lease.If the lease is otherwise silent regarding the last month, the tenant bought a month of tenancy regardless of future pricing.

(Sales price minus selling costs minus purchase price.) plus maybe 10% in state taxes. 

A gift would of course be WORSE because then you would be on the hook for capital gains on the ENTIRE SALE PRICE.

When I’d reach out, I would simply say something simple like “I'm looking for fixer-upper houses and can buy it off market for an on market price.

Purchase price: $3,975,000 Cash invested: $1,025,000 FIXER UPPER-Chateau Montclair sits on almost 6 acres & overlooks a 10 acre lake in the new exclusive gated community, The Montclair.

I personally benefit from this because I understand the intracicies of getting through the aprpoval process and therefore know when I deliver housing, there will be a low supply and plenty of demand meaning I can introduce favorable pricing strategies for myself and my investors.

Very easy and reasonably priced. 

If long term holds aren't working right now because of high interest rates, maybe look into mid-term or short-term rentals.If mid-term or short-term rentals don't work for a property or market, consider simple fix and flips.If entry prices for simple fix and flips are too high, maybe look for major renovations. 

Purchase price: $3,975,000 Cash invested: $1,025,000 FIXER UPPER-Chateau Montclair sits on almost 6 acres & overlooks a 10 acre lake in the new exclusive gated community, The Montclair.

Looking solely at price is a sure fire way to lose big time.