Pre-forclosures and Subject-To In Arizona

[Michael Page]

Hello! I'm a newbie trying to get my first deal. I am looking in the Phoenix, AZ area. I've researched Subject-To financing and am considering how to setup a pipeline for acquiring single family homes this way. I want to keep the properties as long term rentals.

Researching pre-forclosure leads I came across this document from the Attorney General. On page 34 in the section about scams the "Lease or Buy-Back" and "Equity Stripping" descriptions are a little concerning. Obviously I want to buy properties fairly and legally but this sounds like using subject-to for pre-forclosures is generally perceived as illegitimate in Arizona. Anyone have insights on this? I plan on having full disclosures and release of liability agreements in any paperwork for the deal but is that enough? Any recommendations on pursuing pre-forclosures without being branded a "scammer"? Thanks!