I was thinking a sub2 L/O type of deal and he agreed.

This is what I sent them:Offer is for a purchase price of $128,000APR RATE at 4% on 30 year fixedTotal cost of mortgage to us $219,993 Monthly schedule payments of $611Since they bought it for $36,000 back in the 70s, I figure there was a chance they probably refi or something, which I got a reply from them that yes they do have a mortgage on it and that yes they are interested in learning more about the possibility of selling it as Owner financing.So from what I picked up of all the threads is that LO or Sub2 is the way to go, I welcome you to take this post and chop it up.

I just joined the sight a couple of days ago and had to look up what house hacking was, and lo and behold, that's how I got started in real estate.

I too am looking for Wholesale and L/O opportunities in TX.

No way one has the rights of a homeowner with a LO.  

Some LO investors who use this method also record the memorandum of option on the deed, and release their interest on the deed upon assignment (or release of interest). 

Go find a LO that'll show you their math.

about 1 out of 10 or 20 will be in a situation where they are willing to entertain selling with LO Terms.

Today I was looking at a few mobile home parks today I've had on my radar, and lo and behold, was driving by one of the homes and the garbage can was set fire.

@Edward Durante Thank you for your service!