I've made friends with some of the biggest and most investor friendly realtors there are, and still not able to get a solid lead for a long term investment, every lead I get it seems the person is no longer doing loans, or the phone numbers are no longer valid.

There were very valid (intelligent) counter arguments which were just ignored by the majority of the respondents.

if not name and address of the management - hope utilities, gas and electric pays the tenants (it´s important) looks like Owner will do some owner financing?

Your point on the return is a valid one (partnership vs leverage). 

If maximum amount is exceeded use HomeStyle Renovation program.Contingency ReserveA contingency reserve equal to 10% of the total costs of the repairs/improvements must be established and funded for all mortgages to cover required unforeseen repairs or deficiencies that are discovered during the renovation.Contractor Validation Contractor is selected by the borrower and approved by the lenderContractor validation will be completed by the Renovation DepartmentMaximum of three (3) contractorsGeneral Contractor is preferred but not requiredFollow state and local requirements for licensing of contractor(s).

@Mike Landry In most areas (if not all), deeds are not valid if not properly recorded.So, when the "subject to" investors sold it to someone else, they didn't record the deed so it is currently invalid. 

I'd be happy to take care of your time/gas

I have monitoring during renovation and when occupied by renters for Burgulary, Fire, Freeze, Carbon Monoxide, Water Leaks, and Gas Leak.  

How many of you validate the square feet with a professional measurement guy every-time you make a purchase?

The roof, hardwood flooring, windows, gas fireplace, and water heater are all new as of late 2014.The best thing I think, is that I have a closer working relationship with the owner already as he is my landlord who is retiring, and I have been renting this place from him for the past year, so I definitely know it pretty well.