If it's long term and you have control of the lock then you can do the same.

💪Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep.

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

What about refinancing  costs or what ever costs that occurs at the end of the loan term?

RentRedi is perfect for applications and background checks (you can also set clear lease terms and automate rent collection through RentRedi).

I’m now working with a lender and terms are much different and costly. 

From sourcing turnkey rental properties to finding long-term residents, and comprehensive property management, our expert team offers a full-service solution for a truly stress-free investing experience.

@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.

While some buyers may shy away from the 7.125% interest rate, others who are familiar with the "Subject-To" strategy or are more flexible on financing terms may see it as an opportunity to acquire a property with decent equity and no need to qualify for traditional financing.