The way most people do subject to deals is by setting up a system of checks and balances providing some protection for both buyer and seller, and trying to avoid alerting the lender that a deed transfer has taken place.

So you cannot use that property as collateral for a loan. 2) Again, the house is not your name anymore so there are no depreciation benefits.3) From my understanding (and I'm not a tax guy so double check this with someone who is) is that your taxable income would be calculated based on the capital gains over and above your initial purchase/capital improvements and recaptured depreciation (for a SFR, the property, not land, depreciates 1/27.5th each year) but the amount you lend back would not be taxable until you receive that income.

I do full background, credit checks, job verification, etc.

If you're interested in cash flow, I would check out the Ohio market.

Thanks This is a case of check all your data points, do your due diligence and make sure the numbers and deals work good for you.

I will check that out.

Do a background check and get people in there, and you'll learn so much more in the doing than in the researching. 

Check out Broker's Guild.  

I'm currently considering an off-market potential deal in GA and would like to do a quick sanity check on my underwriting with your help:Land Size: 96 acresDevelopment Potential: Zoning allows for 3 houses per acreLocation Perks: Public water.

I would highly recommend checking out Proper Insurance, Erie Insurance, and Steadily.