Her deep knowledge of the market allowed me to identify properties that were not only viable but held substantial equity potential.

It doesn't pass the smell test.It could be completely legit, but I would definitely dig deep into his contracts, talk to other clients, and really vet him before moving forward.

Ultimately, don't be one of those people who jumps into the deep end without knowing how to swim. 

A high quality SFR in Austin will pay dividends in the long-run, and don't invest for anything but that. 5-6 years is too little, but if you are to expose yourself to that I would still take Austin.Those deep parts of SW FL are cyclical with retirement up & downs on economic recessions.

I called a real estate attorney today based on a Google search, and I got an earful about how Subject To was not possible, the bank would call the loan due, I need to have 'very deep pockets', etc etc etc.I know it's possible and there are people doing these types of deals.

They have one of the tougher credentialing processes out there, but they have excellent data that goes deep with relatives, neighbors, associates, etc.. 

My feedback is that you are getting WAAAYYYY too deep in to the weeds.

She didn't bother to disclose this to me initially; now we are deep in the process.

She didn't bother to disclose this to me initially; now we are deep in the process.

That doesn't relieve you of the need for all of the correct documentation notifications and information your accountant will need to fil the form 8824 at the end of the year.