@Carolyn Morales Carolyn first of all awesome for you to pay off your investments and if i am reading this correctly you just paid off your mortgages and you own the rental property free and clear.

Hi Austin, Sub2 = you get the deed, you pay PITI, give your word, the promise to pay is not legally binding, it is a moral promise, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.Wrap = you get ownership but not a Warranty Deed, It is called a AITD or all inclusive trust deed or mortgage, you pay PITI, directly to seller or note servicing co, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.I always do not plan to own a sub2 or wrap long.5 year Private Lender Mortgages for long term hold and rents.There have been promoters of sub2 and exit on a wrap, or wrap and wrap again (double wrap) , I would NEVER do that.You need a GREAT attorney.

The moral of the story is not to sit and put your head in the sand.

Preferably someone who was in the same predicament when they got started.

I'm am currently going through the same predicament.

Moral of the story? 

We received a call about 2 weeks later asking us to resubmit our original offer.The moral to this story is know what numbers are right for you in the deal and don't get caught up in the fever.

Unless there is no cost premium to you as the owner, then typically it doesn’t make sense (not withstanding you just feeling a moral obligation to choose higher efficiency)

It's a moral gray area, in my opinion, but when I say mortgage interest is front-loaded I just don't know how else to describe it.

I seriously doubt your morality police are any worse that the regime I operate under.