Its business and some you win and some you loose. 

Thanks for the replies, turns out the water supply hose was loose. :/ @Stephen Swalwell when we put down new flooring in the bathroom, I did caulk around the toilet base, so that's why we were confused by the leak.

I joint ventured with my buddy builder and we hit the jackpot. 38 homes with nice profits.Point is to let your imagination run loose when your looking at a property and then work the numbers, you never know, for example when I had to move to my present location I looked at a duplex for sale in a great location of nice homes.

My first home I did a subject too, not even having a clue what that was, I just starting making mortgage payments so my Mom wouldn't loose her home when she had to move out for medical reasons and I moved in a renter.

Normal wear and tear is covered by the lease, however excessive damage is not.

Not sure exactly how this is handled in a Subject To, when you refi under your name b/c the old mortgage and if there is an escrow account, it's possible that any excess funds at payoff may be refunded to the original mortgagee and not you!

If the numbers worked out you could sell a vehicle to come up with $ if you had enough equity in a vehicle or even refinance a vehicle to get the cash, just be certain that your new vehicle payment still gives you a profit, which it "looks" like it may..Be certain to make sure there is no issues with this property that will be a surprise an make you loose it all. aka due your due diligence still. :)Good luck!

Let sit for a little while then sponge away the excess and peel off.

In terms of an FHA loan - you would have to have a very loose arrangement to use a partner.

Another key is to have financial backing and be able to close quickly once an offer is accepted otherwise you loose face with all sellers and never again get taken seriously.Thanks.