Do you ever purchase a property subject to with negative cash flow?

[Owen Schwaegerle]

Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal only payments. Rents are currently $3200/mo.In the scenario it would be getting about -$1,000/mo.Open to hear your thoughts.

Initially it doesn't make sense to do. You could justify it for the tax savings and principal pay down.