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.      

You win some and you lose some with the counties.  

Lately my business partner and I have done a lot of research into the correct way to buy fix/flip properties and how to have target areas unto which we want to work and stay w/in the parameters that we set forth to make a good profit.

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

win, win and win.

Your very valid point regarding the difficulties in filing those cases does not negate the impact of them having been decided in the owners favor.I also failed to mentioned how difficult it is to file and win a claim of an invalid sale.

Agree with the suggestions above that marketing and networking are good bets for ways to find property.

It’s a win-win for us we get full price without a commission closing costs,they get a dream house in their neighborhood that they want for their kids and while they rent for a while and then buy it.”So I take a lot of time with the seller to try to get them to think this way.It also avoids buyers remorse, where the seller says “oh my God what I just do???

I am primarily looking at duplexes and quads; although I know they are not considered multi-family properties, wouldn't analyzing them as multi-family be a safer bet??

@Raymond Slater - A HELOC would probably be your best bet.....