LOTS of sellers got burned back during the foreclosure crisis with Sub2 deals. 

I've found that every time I've tried to get "clever" in my investments and pick the next hot thing, I've gotten burned. 

So grateful you introduced yourself.. what's the one burning question about investing that keeps you up at night?

What are the odds your house burns down or gets hit with a tornado?  

IF it was not on an auction site none of the information would be known unless you do your own research. they could say its a 3bed 2 bath home and you go buy and its burned down (seen that before). 100% is on the person bidding at auction.

This will crash and burn eventually when real estate (temporarily) resets itself and reprices the assets down. 

While this is a way to buy property for most they burn out in the first 6 months since its so darn hard to do it..

Then in 2020 it turned out cashflow wasn’t guaranteed, the government could burn your cashflow to the ground and you could lose everything.

I think he started getting burned out.

The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years?