Do I even need to file for those since the State already owns these properties?

Do you guys think this is a decent idea, or disaster waiting to happen.My concerns are that vacancies, forcing me to spend my own income to pay down my current residence and the florida home.

I've tried to make my own spreadsheet which makes more sense to me based on my current understanding of deals. 

The buyer and seller sign disclosures at closing outlining all of the various risks of a subject-to transaction; they agree and understand that they are voluntarily proceeding, having had the opportunity to obtain the advice of independent counsel; and of course they release everybody involved (including any real estate agents) from liability.Ours even spells out exactly what will happen if they try to blame us for their own stupidity including agreeing to indemnify us for any attorneys fees and expenses we incur in defending and/or dismissing the complaint.

I assume that the situation you described above was a bank owned apartment portfolio(foreclosed)?  

The fact pattern states the equipment was leased (owned by the solar company, not the property owner). 

Quote from @Terry Landon: I own around 25 doors in Akron, OH. 

Oh yeah, back to house 2 real quick, i added a 2nd bathroom and since all the rooms had door ways meaning it wasnt an open concept floor plan, i was able to add a 5th bedroom. i than started renting out every bedroom in that house while mainting one as my own.

To start, I'm only considering making offers on properties where the seller owns it free and clear.What is your step-by-step process?

If you owned 4 - $100,000 properties - that is $60-100k in market appreciation in 5 years.