Please feel free to connect if you have any questions. 

They love to talk about his great forms and how the members "feel like a family," but you rarely find anyone that's done a single deal on their own.

Feel free to PM me, we can bounce ideas around.

Nothing 3 or 4 unit will pass the FHA self-sufficiency test, unless you are going to get the property for at least 30% off of fair market value. 

I have a contract on a house in Phoenix AZ with a value of $500,000 and a mortgage of $288,000 to be taken subto.

I feel like if you dont want to spend too much time figuring out the flow then it's a good alternative.

Most likely the new lender is going throught the foreclosure process and typically will end up taking the property back.The original posters chances of getting this property back now is slim to none as it will be sold at market value.  

That is UNLESS you are getting something where you can add TREMENDOUS value.

Feel free to reach out if you would like a list of avail properties!

Network for the right connections and find your best way to add value.