Most municipalities charge a local license fee and a few are grandfathered in under an old law and actually require some testing for licenses, but VERY VERY few.

It's an interesting time to talk about Subject To...There will be more interest in them moving forward if/when the market softens and recession hits, but what will the banks do this time around if they aren't inundated with bad debt like they were in 2008?

@Rene Cedillo If the cash flow is good and you can pay back the renovations in under 18 months then I'd get a HELOC.

With that being said, we are not allowed to put the mortgage in under our LLC name, it has to be the home owner name for this particular program with our bank. 

You are still ahead.You mentioned items such as vacancies, repairs but those would have to be factored in under both scenarios

As I suspected, I added it in under “other” expenses.. glad I did that.

Probably an Internet Agitator re. the word choices.Anyone with a roof over their head for 10 years and not enough money to buy a house ought be greatful there are "Affordable" rentals for them to live in.It's not our fault America does not have enough good paying jobs for everyone to own a house.Maybe these agitators ought to agitate for more good paying jobs to come to America.Without us these renters would be living in under overpasses, and sleeping in the streets like the homeless hobos--and that's not right.Just my 2 cents.https://www.youtube.com/watch?

This is for a house in under 400k in value,   I plan to make a subject-to + Cash offer. 

A refi should generally close in under 30 days, although it could go up to 45 based on conditions, delays in getting documents back, etc.

I'll be living in one side and renting out other, but I want to be able to move out of it in under a year?