I love subject-to - typically have used it as a short term strategy with flips and never cared if the lender was to potentially call the loan due, with planning on a potentially longer term game on this one not 100% sure what is really the best thing on insurance on the property though since I know that can red flag the lender. 

It's a night and day difference the tenants in an area like Logan Square vs small town C class areas. 

The more info you have the better, so be sure to compare the # of BR and Baths, square feet, and the type of home.

Which is not to be confused with the example at the beach.I own a house on Red Robin Drive, which is next to Christopher Robin Drive which intersect Miss Muffet, Little Boy Blue and Goldilocks. 

Fountain square has been growing

So you'll need to stay in the small square footage to stay around $150k (think 700-1000sf rehabbed) but there is opportunity to buy houses that need work.

Red Flags aren't just for parades. 

It's an older home and the large items (windows, roof, HVAC) haven't been updated in many, many years so one of those items would put the property in the red fairly quickly.It is not a substitute for a thorough rental analysis.

@John Morgan So, essentially you are saying worst case scenario you lower your rents and your cash flow goes from 3,400/month down to, lets say, 1,600/month, but you are still in the red?

Facebook is also a great tool for vetting prospects and identifying any red flags.If your looking to ensure you have a constant stream of bodies to fill any vacancies sticking around the Drake area can have some positives.