Subject to Financing

[Melchor Domantay]

Hello BP,

I have a few questions about "subject to" financing - If a seller is willing to sell his property but he has an existing loan to it, say its a small amount and the rest is seller financing. Can I just use any purchase agreement to purchase the property or is there a template for it that I can look at? Also, what's the necessary steps to do due diligence for this kinds of deals? If I run the title search to make sure there's no lien attach besides the bank, would it trigger the bank and risk a due on sale clause?

Lastly, would I be able to depreciate the whole value of the purchase price? (Combination of the bank debt and the seller debt) 

Thank you for your help.