I purchased sub2 a handful of times for fix-and-flip types of situations, where I was in and out of the deal in 3 months.  

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I originally started as 80% LTV and 12% + 1 point with 3 month prepay penalty 

My son is in the military - and will be heading to Tucson AZ in a few months. 

They wanted $1.2M to payoff  maturing HML on a $2.5M property. their credit was 580 and we told them we would not give you a loan but we would buy the property from you for $1.2M, provide you with a 12 month lease with an option to buy. in 12 months you either buy it or its ours. 

The only good use I can see of the fees are based on rent charged would be for a tenant to purchase it and charge themselves $0 or near $0 rent to avoid the rent based charges. 

I don't need to compete against other investors in my stomping grounds... lol we will be neighbors need month more than likely

I told everyone about it for three months, then one day, an agent came to me with exactly what I was looking for and it was one of my best investments.Spend some time learning to manage well.

I have a mixed bag of renters: some use no assistance, some are section 8 and some are non section 8 but have used some housing program assistance (such as deposit + 1st month of rent).

Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.