its a classic sub too rip the rents scenario.. and why I personally think Sub too is extremely dangerous for the average seller.. there are NO assumptions any more.. banks dont' do that.your person who is on the loan has now got her credit trashed because of this.. they don't own the home its a nightmare situation.. of the first order.you would have to find the sleaze ball who bought the deal and get them to deed it to you..

In America, small business is being increasingly looked upon as a criminal behavior by both the public and governments and our society is extremely litigious. 

I apologize for the confusion..i was extremly confused myself.

Any advice would be extremely welcome.Thanks,Vincent

If you love doing it and it doesn't feel like work, you'll be extremely successful it.The hardest part is taking the leap and just doing it.

Hey BP, Now I truly understand what the experience investors meant when they said that this market is extremely hot.

I am slowly getting comfortable with pulling the trigger soon but would like to know of quality/trustworthy agents, mortgage brokers, and property managers in the area that I could utilize since I am not physically in the area.

@Daniel Barnett You're going to get responses all the way from East to West with a question like this - and some extremely successful people (@Jay Hinrichs) became successful in ways that other successful people would never advise anyone to try. 

OK, that's an extreme example, but I used it to highlight that risk and return are highly correlated.   

Hello my name is Chris Cozzens,  I am looking to buy a property in Northern Central NJ ( Union, Morris, Somerset, Essex,  or Middlesex Counties ) I am not extremely particular about the location, I would like to stay within about 45 minutes of Hackensack, NJ where I currently work.