If you’re just getting started in real estate, feel free to reach out – I’ve been coaching new investors for a while and am happy to help you however I can. 

I've done 7 myself and lived for free or better in every single one.

There is a profit but not worth the risk.  

I suspect the owner could sell the property to a third party free and clear of your lender's claim to the income stream. 

I am also listening to the Bigger Pockets podcasts daily during every free period I have throughout my day while trying to learn as much as possible.

It's an education that Harvard, Yale or Stanford can not provide and it's FREE! 

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

This is not something I would take a risk on, but maybe others would.

I recognize that commercial real estate is struggling, with ~30% vacancy in downtown Portland and homelessness issues, but I believe this property’s tenant stability and quality make it a lower-risk option. 

Check out FilePlace, where user-created forms are available for free.