Noone bring me any REALLY good deals for the next 1-15 days, or I am subject to counter claims...Real estate industry.... get your act together.

A quick internet search led to quite a few complaints by people claiming to be ripped off, had deals fall through, or simply getting the run around each time. 

@Patrick Roberts wrote:"@Jay Hinrichs I know of one person who is buying high LTV preforeclosures Subto while they’re off market by paying the owners around $10k-$15k to walk away, quit claiming them into an entity, then seller-financing the entity holding title to the property to owner-occupants under the pretense that it's for commercial purposes on interest-only balloons at inflated values."

On this one I had to but the bullet because they had converted a bedroom to a bathroom at some point and I really wanted to restore that bedroom so invoked claim the higher rent.  

I'm not claiming that's the case, I've just heard the rumors and think it would make sense IF that was the case. 

They still do not have an app, although they claim to be developing an app.

I had a project last year that a sub hit a conduit that was marked out and the utility made a claim many months later.

However, any depreciation claimed during the investment period must be recaptured and taxed.

This destroys the credit of the original owner who can then sue the subto buyer.Another issue is if the subto seller claims they were taken advantage of by the subto buyer at a vulnerable time (pre-foreclosure) and an attorney or regulator raises the question of equity skimming.

I heard but don't know the veracity of this claim, However FLA suffers from a lot of fraudulent claims there by also causing rates to be higher..