Actually, the way you describe SubTo can be called "equity skimming".

You should cover the mortgage and all other expenses, actual or projected.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I know several local companies that really actually want to do a good job so they don't charge anything to cancel the contract.

Not quite, Baltimore has been my major focus for now.I actually live around Edgewood though!

Very few know what they are doing and can actually close on a loan.

Actually, Texas is ranked 43rd in the nation in home ownership! 

They actually could have floated a 6 cap.  

I've actually had an investor give two of the properties back to me after religiously making his payments for 3 years on time but got a set of bad tenants and could not maintain the rentals. 

Your realtor can give you all the actual sales comps to help you see the difference between the listing price and the actual sales price.I however do have a little contrarian advice.