At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

Hi Alecia - No washers/dryers in the units.

That’s how I got started—with little to no money out of pocket.

There is no comparison. 

If you are 100% occupied (and trending) no need to spend money.

My company offers fast-closing, no credit/bad credit loan packages in 44 states and referrals in the other 6.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

With one small exception on VA loans, there is no getting around the due on sale clause. 

Expenses do not take a break so until you have no expenses taking breaks should be quick and infrequent. 

That is unless you have a JV or other equity partner who is putting up the funds immediately with no lien, title insurance, etc.