I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vaca...

Because of my savings and lack of expenses, I'm in a very comfortable position to make my first move, but because my income is mid, I'm unable to meet the Debt-to-Income requirements to qualify.

You want to make sure they are properly installed and you don't want tenants moving large appliances in and out of the house as it will cause damage. 

Fortunately, he moved to FL after the sale, bought a mansion as his retirement home, and saved by the state's homestead laws.

@Dan Geffen moved down there and knows the area well if you want to connect with a local investor.

Here's a breakdown:New Orleans Duplex: Firing the property manager is likely the right move given the prolonged vacancies.

I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.

He could have just moved out but didn't. 

Wanted cash for the below move. 

You'll want to explore this with your accountant and see what side of the fence they are.What is more a concern to me is your plan to let the property sit for a couple of years and then move in.