Sub to is just very risky for the seller as denoted in this thread.. for you the buyer very little risk unless like Ken mentions you start to fib on applications etc.

Only difference is that California I have 1.5% or $1500 min vs every state as Joe mentioned is the same.

But how do you exit the deal, as Randy mentioned these are long term loans and investors are not going to want to be in a deal locked up for that long of a period of time.

Like Thomas mentioned, leveraging your personal residence carries higher risk.

As mentioned earlier in the thread by @Chris Seveney, real estate prices have been going up particularly in Northern New Jersey, so a lot of tax appeals are pointless or do not make any sense.

Then when someone mentions it you call it a red heading and say it has has nothing to do with it. 

Maryland’s DLLR site you mentioned is definitely a step in the right direction.

As I mentioned in my previous responses to this thread, I am employed by LoanGuys as a customer service representative.

Lets say you needed $100k in financing at 12% + 2 points and it took you a year to rehab and refinance that is an extra $14k + closing costs.2. you mention roof is 18-20k.

We have modified many seller financed notes over the years (with input from the servicer and a qualified attorney as mentioned by others).