The sellers offered to submit an insurance claim for the stolen ac units and take that $ to cover the difference between our new price & her mortgage payoff.  

The rent rates are cautiously 1200/monthThe tenant will pay utilities and rental insurance I'm estimating is 100 a month.The taxes are 2k/yearly.I will be managing this property myself.Thank you!

I was looking for ways to get started in something now even if I’m not a homeowner myself.

Try to get a $10K-$20K  down and then see if you can get an interest rate a few points higher than the Subject-To loan interest rate.I agree with Mitch also, Sub-To's have nuances so get some help if you've not done them before, particularly around how to deal with the underlying mortgage provider as  well as insuring the property.

Similar question, how much does health insurance effect ones ability to switch or leave a job?

I talk to the owner right away, Owner said he don't even know do he has the right to sell the house right now or not because he is dealing with homeowner insurance. 

I had one rental in Baltimore which is built in 1956 and is insured with Allstate. 

1.Ask for a copy of their standard seller side and buyer side closing documents2.Ask if they close any non-traditional type transactions you intend to use.3.Ask for a copy of their standard fees, and if title policy rates are not set by a governing body4.Ask about insurance premium rates.5.I would ask them if they are investor friendly.6.If they double close and if what do they, ask what do they charge for the 2nd close?

Based on some properties I've looked at the mortgage/insurance payment would be about $500-$600 so combined with my rent I'd be paying around $1100/month.

You will pay mortgage insurance either way for the privilege of putting so little down on properties.