Texas has that “just right” flavor to some investors.

At its best, Subject-To is just a better flavor of financing than what might be available.If you were a rehabber using hard money to finance your purchases, you might be accustomed to paying 5 points and 15% interest for funding.So, imagine how you'd feel if you could finance that rehab purchase with ZERO points and, say, 8% interest.

@Jeff Kehl That would be great, and if duplexes/multifamilies aren't your flavor feel free to pass them on! 

Regardless of their race, ethnicity, creed, gender, sexual orientation, country of origin, profession, eye color or favorite flavor of ice cream. 

@Jay Hinrichs Turning into the real estate version of the flavor flav show.

Step 2 is to "pick you flavor", REI reminds me of the Baskin Robbins I went to as a kid, I would stand at the counter in paralyzed awe as my Ma would say "what do you want", "all-of-it!!!!!!"

You have refrigeration, Air Conditioning, a smart phone, the internet, Air Jordans, two computers, take vacations, go to college, 37 flavors of ice cream, have 365 channels of TV (I didn't say they were worth watching ;-) health insurance, life insurance, fire insurance, auto insurance, home owner's insurance, SDIRA, 401(k), plastic surgery, viagra, fast food and can call the shots of just about anything you want to do or be.I grew up in a 790 sq ft house with 4 brothers, a cousin & aunt and my folks. 

As you will be learning, all real estate is local, so getting the flavor of how things are viewed in your area is another first step before diving in.

If you plan to do any kind of marketing for this property, you'll find that you get sellers of all flavors, and the solution or exit strategy can be just as varied.Not too long about, we had six seller appointments in one day.  

at my college 2 or 3 years ago, living on campus was 3 or 4 grand a semester, and they had a mandatory meal plan for on campus students...basically around 15 grand a year was thrown away on crappy food that we hated eating (but did cuz we had to pay for it) and rent on a crappy dorm..that is how i bought my first house...it was cheaper to pay a mortgage and cook rice flavored with BBQ sauce!!