A sub2, then negotiate a short pay off as the title holder....maybe, but not common.

Hey Antonio,It is a common misconception that soft pulls will hurt your score if there is a large cumulative amount of them.

Then on the exit end of the deal, an investor pays $50k (net) for the house, spends $20k on repairs, and potentially profits (or holds equity) the remaining $30k (that also allows a margin for error in the rehab costs for bad estimates and/or surprises). 

And you get educated by paying for school or by paying with your time and money by trial and error (often, both).  

If there is damage you have to collect that separately.There is also a government brochure that has to be handed out with the lease which sets out some of the more common landlord and tenant rights and responsibilities.

In any event make sure to see the property and find any issues with it "meaning repairs needed".At the end of the day you have a common ground with your neighbor and work this because if you get him to trust you he'll give you his house only if you are truly providing a solution SOLVE HIS NEEDS and make a deal happen.Hope this tid bit helpped!

RyanYeah....Don't do that...I doubt it is legal to do that in many places but sure as heck not in Tenant-achusetts.You can't even charge an application fee (Some people work around this with different terminology).Good rule of thumb around here is anything that might benefit you and is common sense is probably a violation of tenant-landlord law

Both the buyer and the seller may use their own title agent for their portion of the closing and that is becoming increasingly common. 

I dislike when I have spelling errors; my new goal is to always proofread carefully.

Hi Jeff,If you are interested in what is commonly referred to here on BP as "house hacking", I highly recommend you reading "investing in duplexes, triplexes & quads" by Larry Loftis.Good luck and take action!!