At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

So we need 3 maintenance incidents per week, personally handled by your wife.

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

It is a former motel that has been turned into STR.

I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.

There are tenants in the other side already so we will need everything solidified for them by the time we get the title and we are set to close, which is February 19th.

Quote from @Gavin Souto: brrrr still works it's just not as easy to turn around quickly.

Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return.

You can usually request this from a title company or look into public records in your county’s clerk or recorder’s office.If you’re not sure how to navigate this, contacting the auction house or a real estate attorney familiar with foreclosure auctions can help ensure there aren’t surprises.

If you have experience or resources to share for navigating deals like this, I’d love to hear from you!"