I am getting interested in out of state properties, but am just not educated enough on the subject to feel comfortable making the plunge. 

Subject Tos, Lease Options and other creative seller financing strategies.

(A) Activities of a foreign limited liability partnership that do not constitute transacting business for the purpose of section 1776.86 of the Revised Code include all of the following:..........(7) Creating or acquiring indebtedness, with or without a mortgage or other security interest in property;(8) Collecting debts or foreclosing mortgages or other security interests in property securing the debts, and holding, protecting, and maintaining property so acquired;What local was the subject property located in where you forced to do this?

@Trevor Sambrano What you are talking about is  a Subject To purchase.  

If so, I'm not sure why you are bothering with a wrap as a opposed to subject-to.  

Apparently I'm not the only one obsessed with researching real estate (insert subject here) @ 11pm at night.

If you sell the property at a later date for a gain and still owe on that property, you will be subject to a tax called UBIT.

Hi Everyone,I am pretty new to BiggerPockets so this is a first for me.I am in search of a Real Estate Attorney who has done "Subject to" transactions in the Dallas Texas Area.I know google is a good way to search but i prefer a referral and maybe someone local.

The other part is "gain" and is subject to capital gains taxes.

I hear a lot of people on BP going the owner fiance/subject to mortgage route, is that an option?