I would also suggest Rich Dad, Poor Dad if you haven't already, read it.

I posted late last night consequently the discussion was poorly worded.We are most concerned with the 1 SFR platforms are few and far between.  

I also started by reading Rich Dad Poor Dad books which led to reading lots of other great books and of course reading Bigger Pockets. 

They are like apples and oranges, so I'd bet we can make this thread more valuable by being specific :-)

Your best bet may be to sell the house may be to an investor for cash since an owner/occupant may also have difficulty getting a mortgage loan.

I bet you guys are excited to get things going you are in a good state to be flipping or making rentals for your portfolio.

When you get a loan servicing company you don't like, your best bet is to make your payments via snail mail check, with any additional payment being a separate check with "principal only" written in the memo line.

This is a  "Subject-to" transaction, hopefully using two notes.A seller is willing to take I/O for 20 years is probably 1 in a thousand and they will be taxed just as Greg is, make that 1 in 10,000.I'd bet Greg doesn't mention the other issues with a Sub-to, foreclosure, Greg can only foreclose on his interest, that could be paid off, the note to the first seller is pretty worthless, that can end up going to the state in a medical issue, then there are risks of bankruptcy, law suits by other parties, collections and servicing, deed transfers, insurance, liens and the list goes on, which is why you should not do long term subject-to deals.      

For those in a similar situation as me without much experience I highly recommend reading "Rich Dad Poor Dad," it's recommended by all of the pros and I can finally see why.

I believe BP is going to be my best bet on getting the best information/advice available.