It's highly unlikely to go that low again in your lifetime.

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

"Good" areas will be priced high, "Bad" areas will be priced low. 

We are looking for low maintenance (so primarily new construction or >2000 and well maintained/rennovated) single family homes.

I wasn’t late on one credit card payment.

;however, my issue is that I dont have good credit and since im self employed I make.very little income. 

The mortgage will also stay on the seller's credit which might create an issue when/if they try to purchase another property.

You may need some help with capital, or credit, or both.

For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?

depends on your credit if you can get a mortgage or your ability to find good deals that you use hard money for and then refinance into DSRC.