So your son is wholesaling the property then, it sounds like, and sellers are willing to sell subject to the existing mortgage to the end buyer?  

My electrician insisted in rewiring my house without ripping out the existing drywall.

I also do a pre-screening questionnaire over the phone before I agree to a showing.

You didn't read what I wrote above because you still want to compare your idea against something that doesn't exist. 

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

Properties are between $25K and $50K for a small apartment and at 10% yield net pre-tax you would get $250 to $500/month.

For the past 4 years I've been focused full-time on the niche of pre-existing non-conforming land parcels and/or land that is considered undevelopable.Basically, I focus on rehabbing lots instead of rehabbing houses and I have virtually no competition up here in the New England Area.Is anyone else here doing this?  

I am assuming that even if you strucutred it with a higher purchase price (85% of value) and pre-paid rent it would potentially still be frowned upon.

Last August a decent pre-foreclosure opportunity came available on the MLS and my agent took us to see the home and submitted two offers below asking that were too low for the seller at the time.Apparently the seller was able to avoid foreclosure and the home delisted after it didn’t sale.

But 2025 offers other opportunities that did not exist 10 or even 5 years ago - think AI and online businesses.