As Jay and I have warned, WAY too many of the people grasping to this SubTo method SHOULDN'T do it.

Creating an LLC and getting insurance on rental are two methods of "Asset Protection" that most real estate investors use to protect themselves and their assets. 

Not that it really matters.No institutional lender will give someone a loan that doesn't have:1) Credit history2) A social security number3) Income3) Employment historyYou'll want to research Wholesaling and Land Contracts.

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

My method has always been to call every listing that hit 90 days on market in areas that I want to buy.

Talk with some securities attorneys, brokers, lenders. 

Safeguard reached out to me when I was in my mid 60s, and offered lending notes secured by real estate. 

Probably going to be a check.Smart contractors are starting to understand that convenience matters to customers and being able to take different methods of payment can help them collect their money.

I guarantee you are more likely to secure favorable terms if the seller likes you and can imagine you as a great operator for the business.