I’ve read through multiple posts of people asking about a HELOC on a seller financed property, but what I’m wondering is if anyone has done so on a home purchased “Subject To” the existing  note?  

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Then after I buy the home I would sell the property to somebody else through seller financing.

Section 8 is a common form of rental assitance in our area, however wait times for tenants to get approved due to demand/limited funding can be significant.

As far a splits go, normal people just do 50-50, but if you are taking on the risk/liability I would demand a higher %.

Had the seller fix the electric and heating as well as bring the units up to city code.

definitely . first thing is to find the builder . then get a realtor to let you know what type of properties are in demand for the area . get a quote from the builder how much to build and see what realtor thinks for value after its built 

You can not likely leverage that with debt, however you can sell a percentage of the Option for cash and use that as a down payment if you need too.Have You suggested taking over the sellers new cash out refinance loan subject to at some point? 

Research this carefully, set your goals beforehand.For instance, I needed to cover a debt service from my relinquished property, I wanted a DST with an experienced sponsor with a good reputation, and I wanted a 6% return.The return I was demanding eliminated much of what was out there.It was VERY easy to eliminate the many DST brokers out there.