If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return. 

In Cook County, Illinois, single action is for possession.

@Cole Starin What type of take out financing did you line up to payoff the private money and get into long term perm debt? 

If you just borrow more money, you are getting deeper in debt. 

It's very easy to make one tiny, minor assumption to fill in an unknown that completely changes the context and consequently the answer - I've caught myself doing this a few times.As far as the legal responsibility for the debt goes with Subject To, my guess would be that the contract basically provides a pathway for the seller to pursue the buyer for recourse related to losses they suffer from the default of the original loan, like a form of indemnification, but does not absolve the seller of responsibility for the debt.

@Eli Fazzojust curious - i am assuming your NY rentals have debt on them. 

They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.

Eliminate debt, establish a budget, and save.

We have tried multiple local collection agencies, and we have not received a penny for over a hundred thousand dollars of bad debt submitted to them.We keep hearing, "It takes time" but it's been well over a year with the most recent one.