Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

But many people need to consider if they are financially ready for it or not.

If you are using it to buy a turnkey property which needs to produce cash flow to be considered a viable deal how does buying turnkey(Little to no cash flow) combined with HML(High interest only debt) make alot of sense financially? 

These are the financial concerns:1.

I would think in most situations the original owner is in financial trouble, probably delinquent on their mortgage and facing foreclosure.

Your situation is very different from most. 

Hi @Joshua Manier,**I'm not affiliated with any of the companies mentioned**Your strong financial profile and low LTV puts you in a great position!

Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

No, channeling it through a partnership will not change your tax situation at all.

Is this a person who is, from here, going to turn their life around from the desperate situation that they find themselves in right now, such that they are willing to take a Subject-To deal?