As a result, I've shifted my business almost entirely to doing referrals, but it's driving me crazy.

Last year I had a pretty major rehab (ppty cost $22K, final material cost $14K) and I "shopped" my major list at all three.No suprise HD was the absolute highest, also they DON'T DELIVER at any price.

I finally got a chance to use Zillow.

Buying put options could limit the risk to some extents while achieving much of the same results.

and have sworn to never be in debt again (lets hope) and to finally start investing and stop partying!

Ive finally found a close friend that wants to back me with money, basically Ill do the footwork, and the organizing and he puts out the money..not a bad deal huh??

However, like any other RE transaction the final agrement will have many legal considerations and be governed by federal, state and possibly local laws.

Only yesterday did the buyer demand to do a final walk through.

If that is your intention, then please consult a tax attorney familiar with charitable organizations and come back and post the results!

You also would be getting a small chunk of cash when you lease/option the property (option premium) and a large chunk of cash when the property is finally purchased.