Since this thread was brought back, I'll add my experience.Just remember if the bathroom doesn't have a fan, it must have a window.

Are you assuming the loan was not brought current when the Subject To was performed and title transferred? 

This the first time I've brought no money down and am using solely "other people's money".

If I was doing that any cash I brought in on the sale of the partial I would use to pay down the underlying wrapped loan. 

I'm just surprised that in the dozens of youtube videos I watched re installing LVP over a wooden subfloor (and the 3 contractors I consulted, and the many home improvement forums I sought advice on :-), no one really mentioned using a 1/4" (or better) plywood underlayment, but since I've brought up my issues here on BP I've seen many folks mention that they ALWAYS do that by default. 

Your Passive Allowed/Activity Losses (PAL) will be reconciled on f8582 and brought onto SchE if allowed.Again for rentals, its basically your Rents - expenses - depreciation.Does that help?

Most will not under the scenario you described most of us that do this infill need to pay cash before the bank will give us vertical they want the land brought in as equity ..

If you have been listening to the recent podcasts with James and Jessie, you know they brought their value add components.

My parents brought the down payment, while I paid the closing costs.

If no attention is being brought to the house by other buyers, and they are not wiggling on price, that tells me one of two things.