I also realized last night (after I made my original post, of course) we could do a HELOC on our primary residence.

Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.  

I’m originally from Texas but now call Colorado home.

At the very least, I would request a refund of the original application fee as the City made a mistake causing you to have to submit again.  

Originally posted by @Anthony Fontana:For those that do not feel comfortable enough with excel to build out a tool on your own, I would suggest starting by taking excel courses focused on dynamic real estate modeling.

Purchasing subject to allows you to (1) buy a property and pay a lower rate (3-4%) that was in existence when the loan was originated, so cash flow will be better as well as equity buildup; (2) not have to qualify for the mortgage saving time, expense, and allowing property purchases in greater number than otherwise and (3) no personal liability on downside (4) no debt added to your PFS.  

If this is the case, would the original seller financing have to mention that the buyer (me) can re-sell the property at any time? 

usp=sharingLet me know if the link doesnt work or if you need clarifiction on anything.Hopefully this has given you some insight with some original data to backup it up to guide your decision.

What you propose is different but in your original post this was not clear.with the additional info, I have seen similar comped with quads.  

I also though people would be more helpful and such, but that is not really the case for me and have decided to go back to my original plan of just simply going through the banks and getting experience before I cold call again and door knock.