Nuts huh??

I personally would rather be an investor/landlord willing to help than not to, as I have found the ethical approach to what my parents always told me growing up to "always treat others as you'd like to be treated" to be very fruitful in this game of life (and real estate) we all play. 

I really like The Real Estate Recipe: Make Millions by Buying Small Apartment Properties in Your Spare Time (Nuts & Bolts Series) by Brian K Friedman, and Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits by David Lindahl to name a few, but I have gone to Amazon and purchased a bunch of cheap kindle books that have a much more realistic view with out all the hype. 

Maybe I'm nuts to use a hard money lender in this scenario (though I don't really see an option).

Bank will pick the low hanging fruit first knowing that they would take a $10 loss on the first one.The borrower has the most to lose in both.  

So the fruits of that is that I can live in a $1.5 mil home with a low mortgage payment and property tax bill (thanks again prop 13 :)With prime real estate your income flow is much more secure.

If your goal with buying subject to is to buy something at a deep discount pre-foreclosure, and not because you have no ability to get a loan of your own, seems like it could still be a fruitful strategy?

Mind you this is all 30 steps away from penn street the meca of the city , where all you see is very distresed streets along with that distressed people - many houses are foreclosures here buy for cheap so the citys new building are great if u belive its all for the best and can turn into a fruitful area. acually thought about starting my investing in the city i have a friend that has done this and now has his real estate company "portnational" i belive its called

It is nuts I know.

My friends either think I'm nuts, or they all of a sudden want to hitch their wagon to mine