If you asked most lenders "I'm looking to BRRRR a house hack that I got "sub to"....well, most wouldn't even know what you are talking about. 

Market rents are $2,750 but let's go soft and say $2,500 just to be all the more conservative. 

Your comments about down payment size in a hard vs soft market make complete sense.

If you are going off of zillow or another online service, it may not account for renovations you have done to the property. 2) Contact a Mortgage Professional for a Soft Pull of your credit.

Or is it, because they are "private" money lenders, there is no public records to refer to?” Well

@Scott Trench, you’ve more than adequately explained the two opposite scenarios for subject to.  Well

(and we do a soft credit pull, so no more damage to that score :) )  

However, if you move too fast you could get into the wrong property, or area, or not take into account certain expenses, or get a terrible tenant and you may say this real estate thing is a huge headache and not worth the hassle and you may not pursue it with as much vigor going forward, or worse throw in the towel altogether.

The lions share of our bookings (about 65%) are still brought in by Airbnb/VRBO but I estimate I can bring up occupancy 10% to well managed properties with these tools.2 - Even more important is pricing. 

The total cost of the project including improvements, soft costs and carrying costs from acquisition to stabilization will be close  to $2.65M and the equity requirement using the alt. lender was $480,000 vs. the traditional bank which would have been $800,000.