I would then sublease the property to a new tenant for $4,300.I would take care of all repairs and any tenant related issues.

Most of the adults couldn't care less about the Xbox, but seeing a nostalgic arcade cabinet with 60 retro games on it brings back memories - and they are the ones paying the rent  It is all about the pictures too - the standup arcade cabinets are going to give you a bigger bang in that department than the Xbox, but the kids/teens want the Xbox.  

I see you’re a flipper, don’t have any advice or tips?

They don't care about the house.....how do I contact them saying I want to buy it?

Immediately, I went and called a local pest control company to get a quote to take care of the issue. 

I would like to share a success story that outlines the importance of networking and the careful selection of location for real estate investing.

Great job in taking care of your client!

Problem is I don't want this attracting tenants who cannot pay, or making them think "who cares, I don't have a deposit to lose".What do you think about using this in lieu of a standard deposit?

5- Is there anything else I need to be careful about or take into account when buying a subordinate lien?

Careful - sometimes the notes for sale are the ones that lenders don't want on their balance sheets.