Lower The Risk For Everyone.

[Jason E.]

I have been looking into real estate investing a lot. Right now I am at a point in life where I am going to be moving into my wife's family's home with her. I have no job right now but am looking. Her family has an extra home that they plan to rent out to us when I get some income. But I do not believe I will be able to save much when that happens.

But I have been looking into ways to get into real estate. Since my credit is horrible (bankruptcy due to medical) and I will not be able to save much money I have looked into creative ways of doing it.

I know a little about the owner financing, and subject to type deals. So here is my question:

I can not afford a huge risk right now. In fact I would rather not risk much at all at this point. I think I can eventually get $5,000 saved up at the most to put into this (if that). I have heard of doing a subject to or owner financing to avoid credit issues with getting a loan. BUT...I do not and will not hurt someone else if something goes horribly wrong.

So if I did a subject to deal with just a couple thousand down to bring their payments current to the bank I could basically own the deed to the house. BUT what happens if I can not get tenants to cover the monthly payments? I can not afford my own rent plus another house note. How can I keep myself and others from getting hurt in such an event?