We verify project feasibility and construction scope; and use 3rd party valuations and internal data to verify the as-is and subject to value.

Because when a hot deal comes up and you need to close fast, that relationship can be the difference in scoring the deal. 

Curious what others are seeing out there—any hot tertiary markets still delivering those yields?

You still claim the income as miscellaneous income and deduct property taxes and mortgage interest (subject to SALT and other high mortgage limitations) on your Schedule A, but that's it.2. 

However, many sellers will not accept an offer subject to an appraisal. 

Although, I have not bought anything recently since the market has gotten too high/hot. 

Most of these properties have been sitting on the market for 30+ days.Other possible issues is the hot air furnace is very old.

I have read multiple books on the subject but I am lacking someone in my life that has already walked through the process. 

questions regarding subto.
-How are arrears handled, how do you ensure once arrears are caught up that seller doesn't walk on you. 
- Can you do subto with a lein on property. How is this done.
- When handling insu...

I REALLY like that he asks deep questions and constantly probes his podcast subjects.