Seller financing or subject-to financing (taking over the seller’s existing mortgage) can be great options if you find a motivated seller.

In most cases - we're talking about a market rate property - and those are subject to 60bp MIP.

If you sell in a hot market, buyers might overlook the plumbing for the right price, especially if the upstairs shines.A Few Thoughts: Your plan’s solid, but a couple of things to consider.

I have a salt water hot tub at my personal home.

This means the $80K LLC profit is subject to both ordinary income tax and self-employment tax (15.3%), regardless of your high W-2 income or capital loss carryover.

Not to stop the triplex dreams here but a traditional connected triplex in Houston is subject to the commercial building code (fire suppression systems and such).

Wyoming allows for the creation of dynasty trusts, which can last for multiple generations, often up to 100 years or more, designed to preserve family wealth across several generations without being subject to estate taxes each time the assets pass to heirs.5.

There is nothing illegal about Subject To, Seller financing, etc in general.   

and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

Won't have a hot tub but will have an outdoor sauna.